I know that the iPhone 8 is coming out next year but really need a phone badly. Im thinking about buying an iPhone 7 when the new iPhone comes to the market because it will be much cheaper than todays price. What determinant of demand does this suggest?

DEMAND

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

I know that the iPhone 8 is coming out next year but really need a phone badly. I’m thinking about buying an iPhone 7 when the new iPhone comes to the market because it will be much cheaper than today’s price. What determinant of demand does this suggest?

A	Change in Price of Complementary Good
B	Change in Consumer Price Expectations
C	Change in Number of Consumers in the Market
D	Change in Consumer Income

Explanation:

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND