Juan goes to his favorite store to buy a shirt, and while he's shopping he spots a sign indicating that all shirts will be on sale starting tomorrow. We would expect Juan's current demand for sweaters to:
A) increase.
B) shift to the left.
C) move down along his demand curve.
D) shift to the right.

Question

Quizplus · Accepted Answer

If Juan sees a sign indicating that all shirts will be on sale, he may decide to delay his purchase to take advantage of the lower price. This would result in a shift to the left of his demand curve for shirts, indicating a decrease in his current demand.

Juan Goes to His Favorite Store to Buy a Shirt