Question

if people find out that "new coke" is going to come out and in on month it will be impossible to buy coke we expect that the price of coke will ___ and the amount sold will _____

Answer 1

The price will be expected to rise and the amount sold will be whatever the supply is (the supply sold will be less than the demand).

Answer 2

Both changes are ambiguous. It will depend on if people expect the new coke to be better then old coke or not. If they expect it to be better, then the price of old coke will fall as demand shrinks and the supply sold will fall. Think about what happens when they release a new ipod/phone. If it is not expected to be better though price will rise for old coke as people stock up, and the amount sold will increase. We are seeing this right now with asthma inhalers since the EPA is planning to ban ones that release CFCs. So, sorry there is no simple answer to this without knowing more about people's expectations and preferences

Answer 3

the possible answers:

A. increase, decrease
B. increase, increase
C. Decrease, Decrease
D. decrease, increase

so the answer would be B?

Answer 4

Yes that is probably the answer they want, but its really not possible to know for certain