If both buyers and sellers expect the price of a commodity to fall in the future, it is likely that the market clearing price and the equilibrium quantity . will rise, cannot be predicted will fall, cannot be predicted cannot be predicted, will fall cannot be predicted, will rise

All else held constant, an increase in the price of tablets will result in a

when taxes are levied on transactions, irrespective of the party they are levied on, a. the government can absorb some of the surplus, but also creates a social loss since some of the wealth creating transactions are discouraged b. the government can absorb all the producer surplus from the transactions as revenue c. the government can absorb all of the surplus (producer and consumer) d. the government can absorb all the consumer surplus from the transactions as revenue

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