QUESTION 21 3 points Consider the following supply and demand curves, the demand

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QUESTION 21 3 points Consider the following supply and demand curves, the demand curve is represented by Q 6-P and the supply curve is represented by Qs = P If consumers expect this product to go on sale next week, quantity demanded for this week will go down, resulting in an increase in the equilibrium price and quantity. the demand curve for this week will shift to the right, resulting in an increase in the equilibrium price and quantity quantity demanded for this week will go up, resulting in a decrease in the equilibrium price and quantity the demand curve for this week will shift to the left, resulting in a decrease in the equilibrium price and quantity O quantity demanded for this week will go down, resulting in a decrease in the equilibrium price and quantity Click Save and Submit to save and submit. Click Save All Answers to save all answers.

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The answer is option 4
The demand curve for this week will shift to the left resulting in a decrease in the equilibrium price and quantity.

Since future expectations change of the consumers, the demand would be affected.Consumers know they can get the same product cheaper next month.They will therefore wait for now,this will lead to a decrease in demand as a result of which the equlibrium quantity and price will decrease.

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