a. If everyone thinks that the price of tomatoes will go up next week, what is likely

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a. If everyone thinks that the price of tomatoes will go up next week, what is likely to happen to demand for tomatoes today?

b. If everyone thinks that the price of gasoline will go up next week, what is likely to happen to the demand for gasoline today?

(Note: Is this change in demand caused by consumers or by gas station owners?) pg52

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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