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.
Correct Answer:
Verified
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