Question

Complete the following sentence: If people think that the price of televisions will decrease in the near future, that belief may cause a(n):__________
a. decrease in the quantity demanded for televisions today.
b. decrease in the demand for televisions today.
c. increase in the supply of televisions today.
d. increase in the price of televisions today.

Answer 1

Answer:

b. decrease in the demand for televisions today.

Explanation:

Since it is generally believed that, consumers buy more quantity of a particular commodity or product when the price of such commodity is lower and that they buy less, when the price is higher, which is a simple illustration of the law of demand.

Therefore, if people think that the price of televisions will decrease in the near future, that belief may cause a "decrease in the demand for televisions today."