Multiple Choice
Upon Apple's announcement that the newest iPhone model will be released in the next six months, we could reasonably expect that demand for the current iPhone model will _____ due to a change in _____.
A) decrease; expectations of future prices
B) increase; expectations of future prices
C) increase; the supply of the current model
D) decrease; the price of a substitute good
Correct Answer:
Verified
Correct Answer:
Verified
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