What does this waiting suggest about supply and demand

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Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What does this waiting suggest about supply and demand?

Price cuts have changed buyers' expectations, and the change in expectations has moved the demand curve left.

The demand curve slopes the wrong way because price cuts have lead to smaller sales.

If buyers are buying less when price falls, the supply curve must have moved left.

If buyers are buying less when price falls, the supply curve must have moved right.

Reference no: EM131204082

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