Demand is the number of some product a client is willing and able to purchase at every price; however, an expected increase in rate is likely to affect demand (Soderbery, 2015). In case a consumer believe that the costs of a commodity will be rising in the future, then they will have to purchase the product now when the prices are still low. This will also lead to a decrease in demand for that particular commodity as buyers will prefer acquiring the good while the rates are still low. The demand curve or a supply curve is an affiliation between two and only two, variables: quantity on the horizontal axis and price on the vertical axis.
According to Self, S. (2012), economists view the universe through various lenses than anthropologists, classicists, biologists or even practitioners on any other discipline. These individuals evaluate issues and challenges with economic theories that are centered on a given assumption regarding human behavior. Economists typically carry a set of methods in their minds like a carpenter walks around with a toolkit where in case of any economic problem; they review the arguments and pick on the one that strategically fits. Therefore, as an economist, I will use a graph of the approach to assisting in coming up with an adequate answer.
Self, S. (2012). Studying absenteeism in principles of macroeconomics: Do attendance policies make a difference?. The Journal of Economic Education, 43(3), 223-234.
Soderbery, A. (2015). Estimating import supply and demand elasticities: Analysis and implications. Journal of International Economics, 96(1), 1-17.