Change in Expected Future Prices and Demand
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Another factor that affects demand is the change in expected future
prices. Have you ever delayed a purchase because you believed the price
would drop? In this scenario, the current price remains unchanged, but
your willingness to buy has shifted. Watch this video to understand how
the distinction between current and expected prices can impact the
demand curve.
Source: Khan Academy, https://www.youtube.com/watch?v=7siSvYs84fg
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Last modified: Monday, 22 July 2024, 2:15 PM