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Author Question: Suppose that milk producers expect that the price of milk is going to drop next week. This would ... (Read 114 times)

CharlieWard

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on: Jun 29, 2018
Suppose that milk producers expect that the price of milk is going to drop next week. This would cause
 
  A) a decrease in the supply of milk today.
  B) an increase in the supply of milk today.
  C) an increase in the demand for milk today.
  D) the selling price of milk to rise today.

Question 2

Along a short-run aggregate supply curve, which of the following is (are) held constant?
 
  A) real GDP
  B) aggregate demand
  C) input prices.
  D) profits


lgoldst9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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