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What would we expect to happen to the equilibrium price and quantity in the market for wheat today?
Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future.



A. The impact on both price and quantity is ambiguous
B. Price will increase; quantity is ambiguous
C. Price will increase; quantity will increase
D. Price will increase; quantity will decrease
E. Price will decrease; quantity is ambiguous

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Mar 27, 2020

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2 Answers

John Adney

John Adney

Answered Jan 30, 2017

1.The impact on both price and quantity is ambiguous
 

John Smith

John Smith

Answered Dec 04, 2016

Price will increase; quantity is ambiguous
 

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