Suppose Consumers Expect the Price of a Good to Be

question 99

Short Answer

Suppose consumers expect the price of a good to be higher in the future than it is today. Would the current demand for the good increase or decrease?

---

Definitions:

Pathologic Study

The scientific examination of tissues, cells, and fluids to diagnose disease.

Budding

A method of asexual reproduction where a new organism forms from a bud or extension, resulting from cell division at a specific location.

Yeasts

Microscopic, single-celled fungi that are used in baking and fermentation processes, helping in the leavening of bread and production of alcoholic beverages.

Protozoans

Single-celled eukaryotic organisms, often parasitic and capable of movement, that belong to the kingdom Protista.