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Suppose that consumers (buyers) expect the price of a popular designer dress increase by next Friday, next week. All else remaining the same, which of
Suppose that consumers (buyers) expect the price of a popular designer dress increase by next Friday, next week. All else remaining the same, which of the following best explains the impact consumers' expectations?
Select one:
a.Demand increases now and the prices rises now.
b.Supply increases now and the price falls now.
c.Supply decreases now and price falls now.
d.Demand increases now and the price falls now.
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