If the demand for your firm's product is expected to increase, you should anticipate a drop in the price you are currently receiving for your product.

Question

Quizplus · Accepted Answer

If the demand for your firm's product is expected to increase, it can actually lead to an increase in the price of your product. This is because as demand increases and the supply remains the same, consumers may be willing to pay a higher price to obtain the product.

If the Demand for Your Firm's Product Is Expected to Increase