Question

Question 8 (10 points)

When other things remain equal, buyers are expected to stock up from the normal product that they expect its market price to decline significantly in the soon future.

Question 8 options:

	True
	False

Question 9 (10 points)

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Other things being equal, a shortage from soda is expected if both buyers and sellers believed the forecast that predicted a significant decline in the market price of soda.

Question 9 options:

	True
	False

Question 10 (10 points)

Knowing that peanut butter and jelly are complementary goods, what can be expected if the price of peanut butter goes up (other things being equal)?

Question 10 options:

	Buyers of peanut butter and jelly will move downward and to the right along the the market demand curve for peanut butter.
	Buyers of peanut butter and jelly will shift their demand for jelly to the left.
	Market price of jelly will fall.
	All of the above are expected to occur. please answer all the questions and thank you!

Answer 1

Ans. 8) True

9) True

10) Buyers of peanut butter and jelly will move downward and to the right along the the market demand curve for peanut butter.

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