Select all the correct statements about noise traders. Noise traders I. cannot survive in the market even in the short term because smart rational traders can quickly take advantage of the wrong price generated by noise traders II. can survive in the short term because their irrational behavior is unpredictable from the eyes of rational traders III. may beat the rational traders in the short term, especially if rational traders trade on margin IV. is unlikely to survive in the long term because any market in the long term will become efficient

Much of the demand for u.s. agricultural output has come from other countries. in 1998, the total demand for wheat was qequals3 comma 244minus283p. of this, total domestic demand was upper q subscript upper dequals1700minus107p, and domestic supply was upper q subscript upper sequals1 comma 944plus207p. suppose the export demand for wheat falls by 40 percent. u.s. farmers are concerned about this drop in export demand. what happens to the free-market price of wheat in the united states? the free-market price of wheat in the united states after the drop in export demand is $ nothing. (enter your response rounded to two decimal places.)