If buyers and sellers expect higher gasoline prices next week,

a. demand increases and supply decreases today, therefore the equilibrium price increase today

b. demand will increase and supply will decrease next week, therefore the equilibrium price increase next week

c. the demand for gasoline will be unaffected, and the effect in supply is uncertain.

d. demand decreases and supply increases today, therefore the equilibrium price decrease today

Question

06-03-2021
Mathematics

Answered

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If buyers and sellers expect higher gasoline prices next week,

a. demand increases and supply decreases today, therefore the equilibrium price increase today

b. demand will increase and supply will decrease next week, therefore the equilibrium price increase next week

c. the demand for gasoline will be unaffected, and the effect in supply is uncertain.

d. demand decreases and supply increases today, therefore the equilibrium price decrease today

Sagot :

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