Figure 3-1

-Refer to Figure 3-1.A decrease in the expected future price of the product would be represented by a movement from
A) A to B.
B) B to A.
C) D₁ to D₂.
D) D₂ to D₁.

Question

Figure 3-1
 
-Refer to Figure 3-1.A decrease in the expected future price of the product would be represented by a movement from
A) A to B. 
B) B to A. 
C) D₁ to D₂. 
D) D₂ to D₁.

Quizplus · Accepted Answer

A decrease in the expected future price of the product would decrease current demand, shifting the demand curve from D₂ to D₁.

Figure 3-1 -Refer to Figure 3-1.A Decrease in the Expected Future Price