An expected increase in the future price of automobiles will lead to
A) an outward shift in demand for automobiles today.
B) a reduction in the demand for gasoline today.
C) a movement down the demand schedule for automobiles.
D) no predictable impact on today's demand for automobiles.
A
Economics
You might also like to view...
After the Civil War, wheat production became regionally specialized and output production in the Midwest increased consequently
Indicate whether the statement is true or false
Economics
An increase in the price of a good normally increases the
a. demand for its substitutes b. supply of complements for the good c. purchasing power of consumers' dollar incomes d. money income of the consumer e. quantity demanded of all goods that are unrelated to the good in question
Economics