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

125% of 62 is what number
Please help with this problem!!! Asap thank u so much!!!
need help please dont get ir
Which two countries have cultures that share the same colonial influence? A. Morocco and Tunisia B. Bangladesh and Cambodia C. Australia and Philippines D. Mada
what are the 2 greatest common factors of 32?
How is the underlined pronoun used in the sentence? Who were the winners of the science fair? a. object of a preposition b. direct object c. subject
Which elements are found in high proportion in earth's crust?
why are banks important to the U.S. economy and how government actions can affect how banks operate. in a paragraph please
Please help!!!! How closely does the Jewish calendar coincide with the solar calendar every 19 years? Be specific and explain.
I NEED HELP! PLEASE HELP ME! ANSWER THESE QUESTIONS ABOUT COORDINATE PLANE