Asked by

Brandon Weaver
on Dec 11, 2024

verifed

Verified

If people expect the price of shorts to rise next month, the demand for shorts will

A) decrease now.
B) increase now.
C) stay the same now and increase next month.
D) stay the same now and decrease next month.
E) stay the same now and next month.

Price Rise

An increase in the cost of goods and services in an economy over a period, often leading to decreased purchasing power.

Demand

The desire of purchasers, consumers, clients, or employers, backed by the ability and willingness to pay for a particular commodity or service.

  • Acquire knowledge on the role consumer income and tastes play in determining demand.
verifed

Verified Answer

TD
Trevon DavisDec 15, 2024
Final Answer:
Get Full Answer