When the expected future price of a good rises,

Name: When the expected future price of a good rises,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the expected future price of a good rises, consumers tend to increase their willingness to buy and "stock up" on the good to avoid paying a higher price in the future. This can lead to increased demand and higher current prices in the market. Sellers may not necessarily increase their willingness to sell as they may anticipate even higher prices in the future.

When the Expected Future Price of a Good Rises