An increase in the demand for gasoline today caused by concerns that gasoline prices will be higher tomorrow is most likely attributable to a change in:
A)income.
B)consumer expectations.
C)consumer preferences.
D)prices of other goods.

Question

Quizplus · Accepted Answer

The increase in demand for gasoline is due to the change in consumer expectations, as consumers are anticipating higher prices in the near future.

An Increase in the Demand for Gasoline Today Caused by Concerns