Find and explain the error in reasoning in each of the following three statements.
Statement 1: If prices are expected to rise in the future, this will lead to a fall in quantity demanded at the present time.
Statement 2: A decrease in demand is the same as saying that there is a decrease in the quantity demanded for the product.
Statement 3: An increase in demand is the same as saying that there is an increase in the quantity demanded for the product.

Question

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The Answer of Find and explain the error in reasoning in each of the following three statements.
Statement 1: If prices are expected to rise in the future, this will lead to a fall in quantity demanded at the present time.
Statement 2: A decrease in demand is the same as saying that there is a decrease in the quantity demanded for the product.
Statement 3: An increase in demand is the same as saying that there is an increase in the quantity demanded for the product.

Find and Explain the Error in Reasoning in Each of the Following