Solved

If Consumers Believe That an Item Will Not Be Available

Question 20

Multiple Choice

If consumers believe that an item will not be available in the future, then demand will shift _____ and the equilibrium quantity will _____.

A) left; fall
B) left; rise
C) right; fall
D) right; rise

Related Questions

Q15: Which scenario is the MOST likely effect

Q16: Suppose it is discovered that consuming Greek

Q17: Which event will NOT lead to a

Q18: (Table) Using the data in the table

Q19: Demand refers to<br>A) consumers wanting a product

Q21: If the market price of Beanie Babies

Q22: Which event would shift the supply curve

Q23: Which factor is NOT a determinant of

Q24: If a market is NOT at equilibrium<br>A)

Q25: Bus tickets are often considered _ goods