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30 May, 20:49

How is the current demand for a good related to its future price?

Current demand is not related to future price.

If the price is expected to rise, current demand will fall.

If the price is expected to drop, current demand will fall.

If the price is expected to drop, current demand will rise.

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Answers (2)
  1. 30 May, 21:02
    0
    If the price is expected to drop, current demand will fall

    Explanation:

    Demand is the amount of a product a customer is willing and able to buy at a particular price. When the price of a good is expected to drop in future, consumer tend to purchase less of the good at that time because they will want to keep the money until the prices fall to enable them purchase more of that good.

    Best wishes!
  2. 30 May, 21:17
    0
    If the price is expected to drop, current demand will fall
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