Ask Question
Social StudiesSocial Studies
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.

+5
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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Does thoreau present a convincing argument for acting on one's principles in civil disobedience
Answers (1)
Where did native americans settle
Answers (2)
Choose one mineral and what it use for
Answers (1)
The impetus behind development of the Transtheoretical Model was: A. the desire to explain how people with addictive behaviors change B. the need for an all-encompassing theory to address health behavior change C.
Answers (1)
Jim knew instinctively that his professor wouldn't appreciate it if he brought his single scoop of vanilla ice cream into the lecture hall with him.
Answers (1)
New Questions in Social Studies
What amendment gives citizens the right to vote regardless of race?
Answers (1)
The actual matter density of the universe, accounting for all of the luminous matter and all of the dark matter known to exist in galaxies and clusters, is what fraction of the critical density?
Answers (1)
Which statement best describes a mixed market economy? Consumer intervention and economic choices is strictly forbidden. The government determines economic choices and makes most of the decisions.
Answers (2)
This editorial cartoon from 1933 is of the opinion that
Answers (2)
Brian is a psychologist. he has his clients sign contracts and gives them "homework," which they must complete and then report the results of these actions to him at the next session. brian's type of therapy would best be described as
Answers (1)
Home » Social Studies » 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.
Sign Up Forgot Password?