--%>

Expectations and Demand problem

The demand for durable consumer good tends to rise if: (1) Supply rises. (2) Aggregate expenses rise. (3) Consumers predict price hikes or scarcities in the future. (3) Consumers predict surpluses in future.

Choose the precise answer from the above options.

   Related Questions in Microeconomics

  • Q : Devaluation and depreciation of

    Distinguish among devaluation and depreciation of domestic currency

  • Q : Unitarily price elasticity demand for

    When milk prices increase from $2 to $3 per gallon and sales fall by 600,000 gallons to 400,000 gallons monthly, then demand for milk is: (w) relatively price elastic. (x) unitarily price elasticity. (y) a 45 degree, negatively sloped

  • Q : Change in Supply versus change in

    Assume that a screen at the front of this room exhibits a graph of supply curve for ice-cream. The shift of this supply curve away from the center of our Earth would replicate: (i) A raise in the quantity of ice-cream demanded. (ii) A reduction in the supply of ice-cr

  • Q : Problem regarding Rational Ignorance

    Whenever decision makers select not to pursue further information as the expected reward for the searching for it does not surpass its expected cost, the outcome is: (1) Adverse choice. (2) Consumer exploitation. (3) Unintended effects. (4) Asymmetric information. (5)

  • Q : Type of model used by economists Which

    Which type of model is used by the economists to analyze competitive market?

  • Q : Economic of short-run shuts down firm

    When a firm shuts down within the short run, in that case it’s economic: (w) profit is zero. (x) resources have zero opportunity cost. (y) loss equals its fixed cost. (z) value to shareholders rises. Please guys help to solve

  • Q : Illustrates the initial point of

    RoboMatic’s RoboMaids have turn into the hottest innovation in consumer electronics since colour television. The initial point Robomatic requires to see in its quest to maximize profit is: (1) point e. (2) point f. (3) point g.

  • Q : Illegal price collusion Illegal price

    Illegal price collusion is probably when the market structure for an industry is: (1) monopolistic competition. (2) a monopoly. (3) an oligopoly. (4) pure competition. (5) contestable through exit and entry.

    Q : Long run entry of supply curve When the

    When the price for cranberries is primarily P1, in that case in the long run: (w) firms will neither enter nor exit this industry. (x) entry of firms will move curve supply curve A to the right. (y) exit of firms will move

  • Q : Problem on positive quantity Supply The

    The law of supply defines that, other things equivalent: (1) Quantity supplied differs inversely with price. (2) A good’s supply is positively associated to its demand. (3) Quantity supplied is positively associated to price. (4) Prices and cost