Expectations of Future Price
Definition
Expectations of future price refer to consumers' predictions about whether prices will rise or fall in the future. These expectations can influence current buying decisions.
Related terms
Law of Supply and Demand: The law states that when supply exceeds demand, prices tend to decrease; when demand exceeds supply, prices tend to increase.
Market Equilibrium: Market equilibrium occurs when the quantity demanded equals the quantity supplied at a specific price level.
Speculation: Speculation refers to buying or selling assets with high risk in anticipation of making significant profits from future changes in their value.
"Expectations of Future Price" appears in:
Study guides (1)
AP Macroeconomics - 1.4 Demand
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Cram Mode
AP Score Calculators
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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.