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

As the wavelength increases, the frequency (A) decreases and energy decreases. (B) increases and energy increases. (C) decreases and energy increases. (D) incre
10%of what number is 14
where the sun's energy is produced
A number multiplied by itself, then added to five
what was the colonist's first step in becoming an independent nation?
what are the 4 points of the Monroe Doctrine?
Which two actions by the federal government were attempts to preserve the Union in the face of a bitter quarrel over slavery? A. Gadsden Purchase and Homestead
what effect does mutualism have on organisms?
Sophie is eating a 50-gram chocolate bar which contains 30% of coca. How many grams of coca are in the chocolate bar?
Population growth impacts areas in a variety of ways. What impact does human population growth have on water resources? Population growth causes a decrease in w