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Author Question: In July, market analysts predict that the price of gold will rise in August. What happens in the ... (Read 163 times)

abc

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on: Jun 29, 2018
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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fauacakatahaias

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

D

Answer to Question 2

B


abc

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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