In July, market analysts predict that the price of gold will rise ...

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In July, market analysts predict that the price of gold will rise in August. What happens in the gold market in July, holding everything else constant?
 
  A) The supply curve shifts to the right.
  B) The demand curve shifts to the left.
  C) The quantity demanded and the quantity supplied increase.
  D) The supply curve shifts to the left.

Question 2

What is the term that describes a situation in which one party to an economic transaction has less information than the other party?
 
  A) monopsony B) asymmetric information
  C) inefficient market hypothesis D) unequal market structure

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Answer to Question 1

D

Answer to Question 2

B

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