Answer:
Factor in change in demand that occurs in this situation consumer expectations. Consumers expect the sale for these goods, and because of that, they wait and buy them after holidays (on sale).
Explanation:
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Consumer expectation is the factor that changes in demand because when prices are high they waited and when prices decreased they bought it.
Consumer expectation is an idea or thought about a product, service, or brand that a consumer hold in his mind. Consumer expectations cause people to demand either more or fewer goods.
If the consumer expects the price of goods to go down in near future they hold buying goods so the demand for those goods decreases and vice-versa. There are some factors that affect demand and supply that are price fluctuations, income, credit, taste and preference, and season.
Therefore the prices of Demand and supply always vary in the market.
Learn more about Consumer expectations here:
brainly.com/question/4488539
