How do consumer expectations affect the demand for a product?
——————————————-
A. By connecting demand for a good to the availability of
complementary goods
B. By increasing the demand for goods expected to become more
expensive later
C. By reducing the supply of a good as demand for the good
increases over time
D. By lowering the good's equilibrium price to better reflect growing
consumer demand

A product's price increase results in both an increase in demand for alternatives to the product and a drop in demand for complementary goods.

What impact do consumer expectations have on a product's demand?

Consumer expectations cause people to demand either more or less of a good.

Consumer expectations include things like future pricing, income, and product availability.
Demand will increase if expectations rise, and vice versa.
The immediate demand will decline if a consumer knows a product will be on sale in a week since they will purchase it then.
Consumer demand will grow right away if they anticipate a product's price to rise in the coming week.

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