Question 32
MediumOriginal questionSellers expect the price of their good to rise next month. Their supply today
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Selling later at a higher price pays more, so sellers offer less today.
- Concept
- Expectations and supply
- Typical timeTypical
- 70 s
- Your timeYours
- —
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