Suppose people expect the price of MP₃ players to rise next year.As a result of this expectation, people will most likely:
A.purchase fewer MP₃ players this year.
B.observe higher prices for MP₃ players this year.
C.purchase the same amount of MP₃ players, since this expectation will have no effect on consumers this year.
D.decide to wait and purchase the MP₃ players next year.

Question

Quizplus · Accepted Answer

The Answer of Suppose people expect the price of MP₃ players to rise next year.As a result of this expectation, people will most likely:
A.purchase fewer MP₃ players this year.
B.observe higher prices for MP₃ players this year.
C.purchase the same amount of MP₃ players, since this expectation will have no effect on consumers this year.
D.decide to wait and purchase the MP₃ players next year.

Suppose People Expect the Price of MP₃ Players to Rise