contestada

How can expectations about the future change consumer behavior?
A.) immediate demand for a good will drop if the price is expected to stay the same
B.) Immediate demand for a good will rise if the good is expected to be plentiful
C.) Immediate demand for a good will rise if its price is expected to rise
D.) Immediate demand for a good will drop if there are no substitutes available

Respuesta :

cdw2014
The answer is C. If the future price of a good is expected to rise, that means consumers would want to buy more NOW before the price increases. This causes the immediate demand to rise.
The correct answer to this question is:
Immediate demand for a good will rise if its price is expected to rise

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