If potential buyers of good X expect the price of good X will soon fall,then the current
A) demand for good X will rise.
B) demand for good X will remain unchanged.
C) demand for good X will fall.
D) quantity demanded of good X will fall.
E) quantity demanded of good X will rise.

Question

Quizplus · Accepted Answer

If potential buyers of good X expect the price of good X will soon fall, they are likely to delay their purchases in the hope of paying a lower price in the near future. This leads to a decrease in the demand for the product, which is represented by a shift of the demand curve to the left. As a result, the quantity demanded of good X will also fall.

If Potential Buyers of Good X Expect the Price of Good