If prices for a good or service are expected to increase in the future, demand for that good or service will ______ today. If pr

Question

alekssr [168]

2 years ago

10

If prices for a good or service are expected to increase in the future, demand for that good or service will ______ today. If pr

ices are expected to decrease in the future, demand will ______ today.

Business

1 answer:

Alla [95] · Answer 1 · 2023-05-29T05:54:29+03:00

If prices for a good or service are expected to increase in the future, demand for that good or service will decrease today. If prices are expected to decrease in the future, demand will increase today.

<h3>What is demand?</h3>

Demand can be defined as the amount of goods consumer are willing to purchased in the market.

In if the price of goods increase the demand for that goods will decrease and if the price of goods decrease the demand will increase.

Which is why the principle of demand which states that the higher the price the lower the quantity that will be demanded and the lower the price the higher the quantity that will be demanded.

Inconclusion If prices for a good or service are expected to increase in the future, demand for that good or service will decrease today.

Learn more about demand here:brainly.com/question/1245771