In June, buyers of titanium expect that the price of titanium will fall in July.What happens in the titanium market in June, holding everything else constant?
A)The demand curve shifts to the right.
B)The quantity demanded increases.
C)The quantity demanded decreases.
D)The demand curve shifts to the left.

Question

Quizplus · Accepted Answer

Buyers of titanium expecting a fall in price in July will delay their purchases in June, leading to a decrease in the quantity demanded of titanium in June. This results in a leftward shift of the demand curve, as the buyers are not willing to purchase the same quantity of titanium at the current price.

In June, Buyers of Titanium Expect That the Price of Titanium