If Consumers Expect Prices to Rise and Shortages to Occur

Multiple Choice

If consumers expect prices to rise and shortages to occur in the future, then there will be a shift

A) upward of both the consumption and saving schedules.
B) downward of both the consumption and saving schedules.
C) of the consumption schedule upward and of the saving schedule downward.
D) of the consumption schedule downward and the saving schedule upward.