Suppose That Consumers Expect That the Price of a Product

question 3

Multiple Choice

Suppose that consumers expect that the price of a product will increase in the future.The result is that

• A) the current demand for the product increases.
• B) the current demand for the product decreases.
• C) the current supply of the product increases.
• D) the current supply of the product decreases.

---

Definitions:

Abduction

Movement away from the body.

Ice Pack

A portable bag filled with ice or refrigerant gel used to reduce swelling, relieve pain, or decrease inflammation by applying cold temperatures to affected areas.

Swelling

An enlargement of a body part caused by an accumulation of fluid or inflammation in tissues.

Ultraviolet Lamp

A lamp designed to emit ultraviolet (UV) light, used for various applications including sterilization, curing processes, and scientific research.