Reference no: EM131246075
1. If both producers and consumers believe that a product's price will rise in the future, then at the present, the equilibrium price
A. falls
B. might rise, fall, or not change, but the change can never be predicted.
C. does not change.
D. Rises
E. might rise,fall, or not change depending on whether the effect from the producers is greater than or less than the effect from the consumers.
2. If the demand curve for desktop computers shift rightward and at the same time the supply curve shifts leftward, then
A. the equilibrium price defintely falls.
B. the equilibrium quantity defintely remains the same.
C. the equilibrium quantity definitely increases.
D. the equilibrium quanity definitely decreases.
E. More information is needed to determine the effect on the equilibrium quanity.
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