Suppose people believe that prices are going to be higher in the future then they are today.What will people likely do?
A) wait until the future to purchase the things they want
B) decrease their demand now
C) increase their demand now
D) increase their supply now
Correct Answer:
Verified
Q117: Exhibit 4-6 Q118: When does a surplus occur? Q119: Suppose a surplus exists in the market Q120: Which statement reflects the results of high Q121: What is the effect of an increase Q123: What will an increase in demand cause? Q124: Saccharin and aspartame are both low-calorie substitutes Q125: What will a decrease in demand cause? Q126: Exhibit 4-2 Q127: Which of the following best characterizes market
A) when current
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