# Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ? Correct Answer: D. price will increase, quantity is ambiguous.. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?

Direct Answer & Quick Reference

The correct option is **D. price will increase, quantity is ambiguous.**.

A. The impact on both price and quantity is ambiguous

B. Price will decrease, quantity is ambiguous.

C. price will increase, quantity will decrease

D. price will increase, quantity is ambiguous. **(Correct Answer)**

E. Price will increase, quantity will increase

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Verified Key: D. price will increase, quantity is ambiguous.
Solved by 5,017+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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