-Of the collection of supply and demand diagrams in Figure 2.2 which one(s) show the result of an increase in the expected future price?

Question

-Of the collection of supply and demand diagrams in Figure 2.2 which one(s)show the result of an increase in the expected future price?

Quizplus · Accepted Answer

An increase in the expected future price of a good typically leads to an increase in current demand as consumers anticipate higher prices later and decide to purchase more now. This is represented in supply and demand diagrams by a rightward shift of the demand curve, which can be depicted in multiple figures, but without seeing Figure 2.2, the principle suggests that any diagram showing a rightward shift in the demand curve (indicating increased demand due to the expectation of future price increases) would be correct.

-Of the Collection of Supply and Demand Diagrams in Figure