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4 November, 04:57

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

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Answers (2)
  1. 4 November, 08:04
    0
    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.
  2. 4 November, 08:37
    0
    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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