Market segmentation theory explains the typical upward sloping shape of yield curves as a function of

Question $12$ options:

normally greater demand for short term notes than for long$-$term bonds.

normally greater demand for long$-$term bonds than for short$-$term notes.

expectations that inflation will be higher in the future than it is now.

the greater liquidity of short$-$term notes as compared to long$-$term bonds.