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If Consumers Expect Gold Prices to Increase in the Future

Question 15

Multiple Choice

If consumers expect gold prices to increase in the future:


A) they will reduce their gold purchases, causing the demand curve for gold to shift to the left.
B) they will reduce their gold purchases; however, the demand curve for gold will remain the same.
C) they will be willing to buy more gold now; however, the demand curve for gold will remain the same.
D) they will be willing to buy more gold now, causing the demand curve to shift to the right.

Correct Answer:

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