When consumers expect the price of a good to go down in the future, demand will
A)decrease in the future.
B)decrease today.
C)increase in the future.
D)not change.
E)increase today.

Question

Quizplus · Accepted Answer

When consumers expect the price of a good to go down in the future, they are likely to delay their purchase to take advantage of the lower price, resulting in a decrease in demand today.

When Consumers Expect the Price of a Good to Go