APFIVE Effect of Price Expectations on Demand
If consumers expect prices to rise in the near future, what is the likely effect on current demand for the good?
A
There is no change in current demand because expectations do not affect buying behavior.
B
It causes a shift in the supply curve rather than affecting current demand.
C
Current demand decreases as consumers postpone purchases in anticipation of future discounts.
D
Current demand increases as consumers accelerate purchases to avoid higher future prices.
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | syoh | 2 | 2 | 0m 11s | 189 |
| #2 | hajinkim1128 | 1 | 1 | 0m 00s | 100 |
| #3 | nisak4sh | 1 | 1 | 0m 00s | 100 |
| #4 | e11102akshara | 1 | 1 | 0m 07s | 93 |
| #5 | eftahsam | 1 | 1 | 0m 15s | 85 |
| #6 | s568769 | 1 | 1 | 0m 20s | 80 |
| #7 | alyaozbutev | 1 | 1 | 0m 22s | 78 |
| #8 | myigitali15 | 1 | 2 | 0m 46s | 44 |
| #9 | mayyahansari | 1 | 1 | 4m 32s | -172 |
| #10 | kelder.28 | 1 | 1 | 6m 11s | -271 |
Items per page:
10
1 – 10 of 10