-In the above figure, if D2 is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity might result?
Definitions:
Average Rate of Return
A financial ratio showing the average annual return of an investment over its lifetime, calculated as the total expected return divided by the initial cost of the investment.
Total Income
The sum of all revenue and gains for an entity over a specified period of time.
Present Value
The present value of a future amount of money or a series of future cash flows, discounted at a specific rate of return.
Internal Rate of Return
The discount rate that makes the net present value of all cash flows from a particular project equal to zero.
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