Multiple choice

If buyers expect a rise in price of gold in future, this will lead to

  1. unchanged demand

  2. negative demand

  3. a decrease in demand today

  4. an increase in demand today

  5. unitary elastic demand
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This answer is correct because an increase in future price will lead the consumers to buy more in the present time. This leads to an increase in demand.

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