Suppose that consumers expect that the price of a product will increase in the future. The result is that
A) the current supply of the product decreases. B) the current demand for the product decreases.
C) the current demand for the product increases. D) the current supply of the product increases.
C
Economics
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What will be an ideal response?
Economics
What two groups of decision makers are represented in the basic circular flow model?
A) governments and financial institutions B) lenders and borrowers C) wholesalers and retailers D) bankers and regulators E) households and firms
Economics