11. If the future price of good X is expected to increase, then what change in the equilibrium will we observe in the market for good X? O a. increase in equilibrium price and increase in equilibrium quantity O b. decrease in equilibrium price and decrease in equilibrium quantity O c. decrease in equilibrium price and increase in equilibrium quantity O d. increase in equilibrium price and decrease in equilibrium quantity e. no change in equilibrium price and no change in equilibrium quantity
11. If the future price of good X is expected to increase, then what change in the equilibrium will we observe in the market for good X? O a. increase in equilibrium price and increase in equilibrium quantity O b. decrease in equilibrium price and decrease in equilibrium quantity O c. decrease in equilibrium price and increase in equilibrium quantity O d. increase in equilibrium price and decrease in equilibrium quantity e. no change in equilibrium price and no change in equilibrium quantity
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 10PA
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