Refer to Figure 3-2. An increase in the expected future price of the product would be...

Question

Question

Figure 3-2 Price Supply Quantity

Refer to Figure 3-2. An increase in the expected future price of the product would be represented by a movement from

A to B.

S₂ to S₁.

B to A.

S₁ to S₂.

Answer 1

Answer #1

Ans) the correct option is S2 to S1

When the price of a product is expected to increase in future the supply for the good decreases today and shifts to the left.

Answer 2

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