gracekoh7018 gracekoh7018
  • 02-01-2020
  • Business
contestada

if people expect future price increases, how would the demand for a normal good be impacted

Respuesta :

ewomazinoade ewomazinoade
  • 05-01-2020

Answer:

Demand will increase.

Explanation:

A normal good is a good whose demand increases when income increases.

If consumers expect the price of a good to rise in the future, consumers would increase their demand for the good now because the good would become more expensive in the future.

I hope my answer helps you.

Answer Link

Otras preguntas

How does Mercutio get injured during the fight with Tybalt?​
The fossils found in the bottom layers of sedimentary rock are probably?
How are we affecting natural vegetation?
A LOT OF POINTS HERE!!! WILL MARK BRAINLIEST IF CORRECT!!!! Why do you think Russian czars (russian leaders) would have pushed for industrialization?
Vin goes grocery shopping every week. He usually spends about $167 a week. About how many hundreds does Vin spend at the grocery store in a month?
who is an infamous totalitarian leader? why are they infamous?
The question of how are people connected is important to the geographic theme of
Last year, the Midas Middle School cafeteria served pizza on 12% of the school days. If there were 175 school days, how many times was pizza served?
Describe Japan's imperial actions before WWII.
Why are the relative and absolute ages of fossils important to scientists?