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Practice Q uestions: 1) In January, buyers of gold expect that the price of gold will fall in February. What happens in the gold market

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Practice Q uestions: 1) In January, buyers of gold expect that the price of gold will fall in February. What happens in the gold market in January, holding everything else constant? 2) Refer to the graph below to answer questions a) through d]: Price A a 0; Bernard, D, 0 Quantity a. In the graph above, an increase in the price of a complement is represented as a movement from to b. In the graph above, a decrease in the expected future price of the product is represented as a movement from to c. In the graph above, if the product is a normal good, an increase in income is represented as a movement from to d. In the graph above, an increase in the price of the product is represented as a movement from to

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