Answered

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Suppose both buyers and sellers of rice expect the price of rice to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for rice today?
A. The impact on both price and quantity is ambiguous.
B. Price will decrease; quantity is ambiguous.
C. Price will increase; quantity will decrease.
D. Price will increase; quantity is ambiguous.

Sagot :

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