If tomorrow its a Black Friday, what will happen to the quantity demanded today? A. an increase B. remain unchanged C. a decrease D. None of the aboveReset Selection
Question
If tomorrow its a Black Friday, what will happen to the quantity demanded today? A. an increase B. remain unchanged C. a decrease D. None of the aboveReset Selection
Solution
To determine what will happen to the quantity demanded today if tomorrow is Black Friday, let's analyze the situation step by step:
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Understanding Black Friday: Black Friday is known for significant discounts and sales. Consumers expect lower prices on this day.
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Consumer Behavior: Knowing that prices will be lower tomorrow, consumers are likely to delay their purchases to take advantage of the discounts.
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Effect on Quantity Demanded Today: If consumers delay their purchases, the quantity demanded today will decrease.
Therefore, the correct answer is:
C. a decrease
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