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?
A.
The impact on both price and quantity is ambiguous.
B.
Quantity will increase; price is ambiguous.
C.
Quantity will increase; price will increase.
D.
Price will increase; quantity will decrease.
E.
Price will increase; quantity is ambiguous.