What will cause the demand for a normal product to increase?
A)The expectation by consumers that future prices will be higher.
B)A decrease in the price of a substitute product.
C)An increase in the price of a complementary product.
D)A decrease in income levels.
E)A decrease in the size of the population.

Question

Quizplus · Accepted Answer

Expectations of higher future prices can lead consumers to purchase more of a product now, increasing current demand.

What Will Cause the Demand for a Normal Product to Increase