An Increase in the Expected Future Price of a Good

question 362

Multiple Choice

An increase in the expected future price of a good will cause the current demand for the good to

• A) decrease, which is a shift to the left of the demand curve.
• B) decrease, which is a shift to the right of the demand curve.
• C) increase, which is a shift to the left of the demand curve.
• D) increase, which is a shift to the right of the demand curve.

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Definitions:

Non-Union Business

An organization or industry that does not have its employees represented by a labor union.

Wrongful Dismissal

The termination of an employee's contract of employment without just cause or in violation of the contract's terms.

Reasonable Notice

The adequate time or warning given in advance of an event or action, such as termination of employment, required by law or contract.

Damages Payable

Monetary compensation that a party is legally obligated to pay as a result of causing harm or loss to another party.