gracekoh7018 gracekoh7018

02-01-2020
Business

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if people expect future price increases, how would the demand for a normal good be impacted

Respuesta :

ewomazinoade ewomazinoade

05-01-2020

Answer:

Demand will increase.

Explanation:

A normal good is a good whose demand increases when income increases.

If consumers expect the price of a good to rise in the future, consumers would increase their demand for the good now because the good would become more expensive in the future.

I hope my answer helps you.

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