Effect of Price Expectations on Demand
If consumers expect the price of a good to rise in the near future, what is the resulting effect on the current demand for that good?
A
Current demand increases as consumers accelerate purchases to avoid higher future prices.
B
Current demand decreases as consumers postpone purchases in anticipation of future discounts.
C
There is no change in current demand because expectations do not affect buying behavior.
D
It causes a shift in the supply curve rather than affecting current demand.
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