Expectations of price fall during sales

Can someone help me in finding out the right answer from the given options. Pam’s expectations that the costs of shoes are going to drop all through forthcoming clearance sales will lead, in the short run, to a/an: (i) Reduction in her demand for shoes. (ii) Reduction in her quantity demanded of shoes. (iii) Rise in her demand for shoes. (iv) Raise in her quantity demanded of shoes.

View Complete Question

Related Questions in Microeconomics

Q : Production costs-Consumer Sovereignty I

I have a problem in economics on Production costs-Consumer Sovereignty. Please help me in the following question. In the market economy, output patterns mainly reflect: (i) Individual votes by each and every consumer. (ii) The requirements of majority

Q : Influences of Ceteris Paribus The Latin

The Latin phrase applies to the idea which all other effects on some dependent variable are to be supposed constant if examining the effect of changing a single independent variable is as: (1) Fiat justitia, ruat coelum. (2) Platea unum. (3) Unum paribus. (4) Ceteris

Q : Comparative statics and consumer demand

Explain the methodological procedure called comparative statics. What does this procedure imply regarding the nature of the consumer demand curve?

Q : Inflation premium Describe the term

Describe the term Inflation premium and how it is the prospect of future inflation?

Q : Define primary deficit Primary deficit

Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments

Q : Price of related goods-consequence on

Price of related goods: a) Substitute goods – Whenever the price of substitute goods raises they become dearer whenever the price replaces goods falls they bec

Q : Low-income elasticities of demand

Placing an excise tax upon goods along with low-income elasticities of demand will share out the tax burden as: (1) proportionally between high-income and low-income households. (2) disproportionately on high-income households. (3) disproportionately

Q : Minimum Wage Laws problem Can someone

Can someone please help me in finding out the accurate answer from the following question. The group least likely to be helped by the minimum wage law is: (1) African-American teenagers. (2) Experienced construction workers. (3) Skilled industrial workers. (4) Members

Q : Experiencing the economies of Scale Let

Let assume that an auto manufacturer which can produce 10 cars at an average cost of $8000 per car. When the manufacturer enlarges output to 100 cars, then the average cost of production falls to $5000 per car. This firm is experiencing the: (1) Raised demand. (2) Eco

Q : Absolute Poverty of Income A family

A family whose income leaves this hovering at the brink of survival and that gives only a razor’s edge existence is experiencing: (w) relative poverty. (x) economic shock. (y) financial destitution. (z) absolute poverty.

Discover Q & A

Leading Solution Library

Avail More Than 1434908 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1960746
Asked

3,689

Active Tutors

1434908

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment