Option b is correct.
<u>If the sellers expect the price of a good to rise in the future, they are likely to store goods now to sell more in the future.
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Further Explanation:
a.
Put more goods on the market immediately: This option is incorrect.
The sellers will not put more goods on the market immediately because he can earn more profit by selling them at a future date because it is anticipated that the price will increase.
b.
Store goods now to sell more in the future: This option is correct.
If the sellers expect the prices to rise in the future, they will store the goods now and sell on a future date to earn more profit.
c.
Raise their price now: This option is incorrect.
The sellers will not raise the price now because the customer will stop buying goods from them as the customer will find the price too high.
d.
Set price according to the law of demand: This option is incorrect.
The sellers cannot set the price according to the law of demand because they cannot anticipate the future demand for their product even if they anticipate the rise in price.
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Answer details:
Grade: High School
Subject: Economics
Chapter: Demand law
Keywords: If sellers, expect, the price of a good, rise in future, likely to do, put more goods, the market immediately, law of demand, Store goods now, Raise their price now, according to the law of demand, sellers expect the price of a good.