How Will the Demand and Supply of a Product Be

Multiple Choice

How will the demand and supply of a product be affected if both producers and consumers expect the future price of a product will be higher than at present?

A) It will cause an increase in demand but a decrease in supply.
B) It will cause an increase in both the demand and supply.
C) It will cause a decrease in both the demand and supply.
D) It will cause an increase in supply but will have no effect on demand.
E) It will cause an increase in supply but a decrease in demand.