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Answer to Question #237478 in Economics for CCW

Question #237478

Demand Worksheet : Vocabulary

Word - There is an expectation The price of product will soon fall

  • indicate whether demand will increase or decrease
  • provide an explanation as to why
1
Expert's answer
2021-10-02T15:43:48-0400

In anticipation that the price of a product will soon fall, there is a drop in demand as buyers hope to buy the product at a lower price. Expectations in price changes are a non-price factor in demand.


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