Q3. If consumers expect the price of some good to rise next week, then we generally observe the price of the good rising this week. Explain this fact using a graph with proper labelling. Q4....

Q3. If consumers expect the price of some good to rise next week, then we generally observe the price of the good rising this week. Explain this fact using a graph with proper labelling. Q4. 'Opportunity cost is both subjective and speculative. As such the concept of opportunity cost has no place in the scientific decision making process.' Discuss.