Author Question: If people believe that prices are going to be higher in the future then they are today, they will ... (Read 25 times)

bclement10 · **on:** Jul 1, 2018

If people believe that prices are going to be higher in the future then they are today, they will
a. wait until the future to purchase the things they wand
b. decrease their demand now
c. increase their demand now
d. increase their supply now
e. save more today so they have the income to buy more in the future

Question 2

If there is a shortage in the market for jeans,
a. producers' inventories will increase
b. the price should begin to rise
c. the demand curve will shift to restore equilibrium in the market
d. the supply curve will shift to restore equilibrium in the market
e. producers expect government to impose a price ceiling