If the price is expected to drop, current demand will fall.
if the price is expected to drop, current demand will fall.
if the price is expected to rise,current demand will rise.
If future price I higher than current price, demand will rise, people will purchase more of that product today instead of waiting for price to rise. While if the price in the future is going to be lowered consumers will wait until the price is dropped to purchase.
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
the higher the expected future price of product, the higher the current demand for that product and vice versa. for example, when government plans to increase the price of sugar the following week, the demand for sugar will immediatelly increase because consumer want to store for future use because of the expected higher price. if consumer expect the price cars to fall next year, the present demand for cars this year will decrease since consumer will wait for the price to fall.
Future price is not related to current demand
if the price is expected to drop, current demand will fall.
If the price is expected to drop, current demand will fall.
if the price is expected to rise,current demand will rise.
If the price is expected to drop, current demand will fall.
If future price I higher than current price, demand will rise, people will purchase more of that product today instead of waiting for price to rise. While if the price in the future is going to be lowered consumers will wait until the price is dropped to purchase.
Expectations of price change a news report predicting higher prices in in the future can increase the current demand as customers increase the quantity
the higher the expected future price of product, the higher the current demand for that product and vice versa. for example, when government plans to increase the price of sugar the following week, the demand for sugar will immediatelly increase because consumer want to store for future use because of the expected higher price. if consumer expect the price cars to fall next year, the present demand for cars this year will decrease since consumer will wait for the price to fall.
Expectation elasticity of demand mean if in future the price will rise then in present the demand of that comm. will fall i.e elasticity will be +ve.. n vice versa..., RELATIONSHIP OF EXPECTION OF PRESE WITH THAT COMMODITY Expectations about future price rise or fall is directly related with present or a recent demand i.e if prise rise in future, the demand will rise 4 that comm. n vise versa....
Price of related goods in demand means prices of substitute goods and complementary goods.
it will happen by price changing.
Expectations of the future price