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

Write the equation in slope- ntercept form of the line that asses through (-1, 11) and is parallel to the graph of y= -8x - 2. NEED HELP ASAPPPP
What value is equivalent to 3^2 · 4^3?
Divison of labor in abbasid
Does the graph represent a function?
i need help in geometry! the measure of the supplement of an angle is 30 more than twice the measure of the angle. find the measure of the angle this is how i
what is the significant digits of these numbers1) 9876=2)750=3)12.080=4)307=5)000.00567=6)100000=7)24.78=8)0=9)0.5=10)567982667264=​
Texas general issue plates currently have seven-digits that consist of three letters and four numbers (AAA 9999) or three numbers followed by four letters (999
I JUST WANNA CHECK IF ITS CORRECT !!
What percent of 35 is 28?
will give star if answerd correctly