If consumers expect the price of a commodity to increase in the future, then demand for the commodity will decrease.

Name: If consumers expect the price of a commodity to increase in the future, then demand for the commodity will decrease.
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Question

Quizplus · Accepted Answer

If consumers expect the price of a commodity to increase in the future, they are more likely to purchase it now to avoid paying a higher price later, thus increasing current demand.

If Consumers Expect the Price of a Commodity to Increase