Problem
(Case Study: Auction Markets) Rent the movie Trading Places, starring Eddie Murphy and Dan Ackroyd. Enjoy the movie and pay special attention to the scene near the end when Billy Ray and Louis participate in an auction of orange-juice futures. How does the arrival of new information affect the price of those futures contracts? Try to model the situation, using demand and supply curves.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.