Show in diagrams that if a speculator were to buy when price is high and sell when

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Show in diagrams that if a speculator were to buy when price is high and sell when price is low, he would increase price fluctuations. Why would it be in his best interest not to do so?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:13 AM

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Show in diagrams that if a speculator were to buy when price is high and sell when

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Figure 1a shows a high price P a1 while Figure 1b shows a ...View the full answer

Economics Principles and Policy

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