What will happen in the artichoke market now if buyers expect higher artichoke prices in the near future?

Question

Quizplus · Accepted Answer

If buyers expect higher artichoke prices in the near future, they will likely try to buy more artichokes now before prices increase, which will increase the demand for artichokes. Therefore, Option A is the correct answer. Option B and C are incorrect because higher expected prices would not cause buyers to decrease their demand or the demand to be unaffected, respectively. Option D is incorrect because higher expected prices would not necessarily lead to an increase in the supply of artichokes.

What Will Happen in the Artichoke Market Now If Buyers