If a meteorologist discovers a new warming pattern is developing, and the new pattern will create a much larger-than-expected soybean harvest, she should ________ soybean futures.
Other things constant, she is more likely to profit from her decision when ________ people are aware of the warming pattern and its consequences. A) buy; fewer
B) sell; fewer
C) sell; more
D) buy; more
Question 2
The total surplus in a market is represented by:
A) the area between the demand curve and the market price line.
B) the area between the supply curve and the market price line.
C) the area between the demand and supply curves and the price axis.
D) the area between the demand curve and the horizontal axis.
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