Question a if everyone thinks that the price of tomatoes, Ask an Expert

Economics

Question: a. If everyone thinks that the price of tomatoes will go up next week, what is likely to happen to demand for tomatoes today?

b. If everyone thinks that the price of gasoline will go up next week, what is likely to happen to the demand for gasoline today? (Note: Is this change in demand caused by consumers or by gas station owners?)

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92651627

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