If people expect the price of packaged coffee to rise next week, coffee demand will:
Question 30 options:
a-
decrease now.
b-
increase now.
c-
stay the same now and increase next week.
d-
stay the same now and decrease next week.
e-
stay the same now and next week.

Option (b) is correct.

Explanation:

If people expect that the future prices of the coffee will rise then as a result the current demand for the coffee will increase because the current price of coffee is lower than the expected price of coffee in the future. Hence, people would demand more quantity of coffee today than in future as it will become expensive in the future.

answer; limited pay life;