Suppose that milk producers expect that the price of milk is ...

[CharlieWard]

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]

Answer to Question 1

B

Answer to Question 2

C