In December 2024
Answer to Question #165074 in Microeconomics for Calista Chou
An expectation of an increase in the price of Good X should result in demand shifting rightwards. May I know this answer is true or false and please explain the reason.
An expectation of an increase in the price of Good X will increase the willingness to buy good X now before the price increase, so the demand for this good increases.
That's why the statement is true.
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