Asked by
Brandon Weaver
on Dec 11, 2024Verified
If people expect the price of shorts to rise next month, the demand for shorts will
A) decrease now.
B) increase now.
C) stay the same now and increase next month.
D) stay the same now and decrease next month.
E) stay the same now and next month.
Price Rise
An increase in the cost of goods and services in an economy over a period, often leading to decreased purchasing power.
Demand
The desire of purchasers, consumers, clients, or employers, backed by the ability and willingness to pay for a particular commodity or service.
- Acquire knowledge on the role consumer income and tastes play in determining demand.
Verified Answer
TD
Learning Objectives
- Acquire knowledge on the role consumer income and tastes play in determining demand.