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12-09-2022
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If producers form expectations that copper prices will be higher in the future, then this will shift the:________

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14-09-2022

If producers form expectations that copper prices will be higher in the future, then this will shift the: demand curve for copper to the left.

How Does the Demand Curve Look?

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common representation will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis.

The law of demand states that, when all other factors are equal, the quantity demanded for a given good will decrease as its price rises as shown by the demand curve moving from left to right.

When it comes to the correlation between product prices and demand, there are certain exceptions to the general norms.

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