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Nookie1986 [14]
3 years ago
6

What effect do consumer expectations have on the demand for a good?

Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer:

A. They reduce the demand for products expected to become cheaper in the future.

Explanation:

Consumer expectations of what the price of a good would be in the future, can significantly determine the extent to which the demand of such good would be demanded.

Hypothetically, if consumers expect the price of electronics products to be cheaper by the end of this year, the current demand for electronics products would decrease for now, as consumers would rather hold on purchasing such products till end of the year, when the prices would be cheaper.

Therefore, the effect that consumer expectations have on the demand for a good is:

A. "They reduce the demand for products expected to become cheaper in the future."

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Answer:

$16,660

Explanation:

Given that,

Merchandise inventory sold on account = $17,000

Payment terms are as follows: 2/10, n/30

Cost of merchandise sold = $13,000

Therefore, the amount of cash was collected by Devonshire is the amount of cash after deducting the 2 percent of merchandise inventory.

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2 years ago
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Novosadov [1.4K]

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