gracekoh7018 gracekoh7018
  • 02-01-2020
  • Business
contestada

if people expect future price increases, how would the demand for a normal good be impacted

Respuesta :

ewomazinoade ewomazinoade
  • 05-01-2020

Answer:

Demand will increase.

Explanation:

A normal good is a good whose demand increases when income increases.

If consumers expect the price of a good to rise in the future, consumers would increase their demand for the good now because the good would become more expensive in the future.

I hope my answer helps you.

Answer Link

Otras preguntas

What is a direct combination reaction?
.is a pot holder a conductor or a insulator
What is the numerator or denominator of 4/5
Why is RNA necessary to act as messenger?
A 1 digit number and a 3 digit number have a sum of 205.  The same two number have a difference of 195, a product of 1,000 and a quotient of 40.  What are the t
Nadine can send or receive a text message for 15 cents or get an unlimited number for 5 dollars. Write and solve an inequality to find how many messages she can
A pound of seedless red grapes costs $2.75. Drew must spend less than $9.35 on a bunch of seedless red grapes.Inequality:Solution:Interpretation:
Why is RNA necessary to act as messenger?
What is a direct combination reaction?
two identical freight cars roll without friction towards each other on a level track. one car rolls 2 m/s the other 1 m/s. after the cars collide they couple an