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0. Basic Principles of Economics
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0. Basic Principles of Economics
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0. Basic Principles of Economics / Microeconomics vs. Macroeconomics / Problem 8
Problem 8
How might consumer expectations about future prices influence current demand?
A
If consumers expect prices to fall, current demand will increase.
B
If consumers expect prices to rise, current demand may increase.
C
Expectations about future prices only affect supply, not demand.
D
Consumer expectations have no effect on current demand.
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