Question 19
MediumOriginal questionPeople expect the price of a smartphone to rise next month. Today's demand for smartphones
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Buyers bring purchases forward to beat the expected price rise.
So demand today rises: the curve shifts right.
- Concept
- Expectations and demand
- Typical timeTypical
- 70 s
- Your timeYours
- —
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