There is news that the price of Tucker's Root Beer will increase significantly next week. If the demand for Tucker's Root Beer reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in ___.

Question

Wrinkles

Business

9 September, 02:24

There is news that the price of Tucker's Root Beer will increase significantly next week. If the demand for Tucker's Root Beer reacts only to this factor and shifts to the right, the position of this demand curve has reacted to a change in ___.

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Answers (1)

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Marilyn Berg · Answer 1

Answer: Expectations

Explanation:

According to the given question, the position of the given demand curve are get changed based on the change in the expectations of the consumers or users for using the products such as tucker's root beer.

If the demand the given products and the services are get increased then automatically the price significantly increases.

This is due to the change in the expectations and also requirement of the customers in the market. and this concept is also refers as low of demand. Therefore, Expectations is the correct asmwer.

Therefore, Expectations is the correct answer.