Expectations about price changes will affect:A) the demand curve only. B) both the demand and supply curves.C) the supply curve only. D) neither curve.
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- Expectations about price changes will affect:A) the demand curve only. B) both the demand and supply curves.C) the supply curve only. D) neither curve.
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- A change in consumer’s expectations causes a movement along the demand curve or a shift in the demand curve? Explain. A change in price of the goods results in a movement along the demand curve or a shift in the demand curve? Explain (Word count: 250 words max.) Buyers' expectations about future prices can affect the demand curve. If consumers expect prices to increase, they buy more of a product now, and the demand curve moves to the right. A demand schedule for a normal good is as follows: Price Quantity demanded Rs.230 70 210 90 190 110 170 130 Do you think that the increase in quantity demanded (say, from 90 to 110 in the table) when price decreases (from Rs.210 toRs.190) is due to a rise in consumers’ income? Explain clearly (and briefly) why or why not. Now suppose that the good is an inferior good. Would the demand schedule still be valid for…Expectations about price changes will affect A) the demand curve only. B) both the demand and supply curves. C) the supply curve only. D) neither curve.If the shopper would assume that the value of the glutathione will upsurge on the upcoming days, it will result to Select one: a. Decrease in supply in the next period b. Decrease in demand in the next period c. Increase in supply in the current period d. Increase in demand in the current period
- Suppose that an increase in the supply of a good causes expectations of future price decreases to change. Which of the following additional outcomes is most likely? a change in quantity demanded followed by a change in demand a change in quantity demanded alone a change in demand alone neither a change in quantity demanded or a change in demandThe individual demand will If price falls.A demand schedule shows....the “market potential” for a product.how much consumers are willing and able to buy at different prices.possible combinations of output under different conditions.how much producers would like to sell at different prices.All of these responses are correct.
- The international data has forecast that sales of PCs and tablets will be down significantly in 2022 and will continue to decline in 2023,leading to heavy discounts for consumers. The above expectations will have which ceteris paribus effect on the market for PCs and tablets? A. The equilibrium price will decrease B.the supply curve will shift outwards C. The demand curve will shift outwards D. The equilibrium price will increasePredict the impact on each market. Use + and – to indicate whether there will be an increase or decrease in demand (D), supply (S), equilibrium price (P) and equilibrium quantity (Q). If there is no change, use N, and if the change cannot be predicted, use U for uncertain. Market Event D S P Q Canadian Early frost destroys a large percentage of the grape crop Wood-burning stoves The price of heating oil and natural gas triples Cell phones Technological advances reduce the costs of producing cell phones Gold Large gold deposits are discovered Fast foods The public show great concern over high sodium and cholesterol in fast foods; also, there is an increase in the minimum wage. Bicycles There is increasing concern by consumers about physical fitness; also, the price gasoline falls.Consider the market gold, if people expect a lower future price of gold. Change in Demand Increase Decrease Did not Change Indeterminate Change in Supply Increase Decrease Did not Change Indeterminate
- Sellers expect the price of a good to rise in the near future. How will this affect the current supply of the commodity. No need of diagram. Just theoritical explaination required.It is expected that the price of a bushel of wheat will increase in one month. This belief will result in A) an increase in the current supply of wheat. B) a decrease in the current supply of wheat. C) a decrease in the future supply of wheat. D) no change in the current or future supply of wheat. E) an increase in the current quantity supplied of wheat.If demand falls as a result of a change in tastes, it is likely that as a result: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a price will fall and then demand will increase. b price will fall and then demand will not change. c price will rise and then demand will not change. d price will rise and then demand will decrease.