If people expect the price of coffee to rise next month the demand for coffee

If people expect the price of coffee to rise next

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73. If people expect the price of coffee to rise next month, the demand for coffee will a. decrease now. b. increase now. c. stay the same now and increase next month. d. stay the same now and decrease next month. e. stay the same now and next month. ANS: B PTS: 1 DIF: Easy NAT: BUSPROG: Analytic STA: DISC: Supply and demand TOP: Changes in Demand Versus Changes in Quantity Demanded KEY: Bloom's: Application 74. Which of the following would lead to an increase in the demand for designer blue jeans? 75. Which of the following would lead to an increase in the demand for computer software?
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76. Which of the following is leastlikely to increase the demand for new tires? 77. Other things constant, an increase in consumer income will a. shift the demand curve for automobiles to the left. b. shift the demand curve for automobiles to the right. c. cause a movement along the demand curve for automobiles, but it will not shift the demand curve. d. lead to a reduction in the supply of automobiles. ANS: B PTS: 1 DIF: Moderate NAT: BUSPROG: Analytic STA: DISC: Supply and demand TOP: Changes in Demand Versus Changes in Quantity Demanded KEY: Bloom's: Application 78. Other things constant, a decrease in consumer income will
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