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When consumers anticipate that the prices of certain products will rise in the near future, what is the likely effect on the demand for those products in the present?a)The demand for those products increases in the present.b)The demand for those products decreases in the present.c)The demand for those products remains unchanged.d)The demand for those products becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When consumers anticipate that the prices of certain products will rise in the near future, what is the likely effect on the demand for those products in the present?a)The demand for those products increases in the present.b)The demand for those products decreases in the present.c)The demand for those products remains unchanged.d)The demand for those products becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When consumers anticipate that the prices of certain products will rise in the near future, what is the likely effect on the demand for those products in the present?a)The demand for those products increases in the present.b)The demand for those products decreases in the present.c)The demand for those products remains unchanged.d)The demand for those products becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer?.

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