Every spring, motorists do more driving than during the winter months. Every spring, the price of gasoline increases and the motorists buy more gasoline. This experience suggests that the

Question

Quizplus · Accepted Answer

The increase in gasoline prices during spring is consistent with the law of demand, as the demand for gasoline increases with more driving, leading to higher prices. The law of supply is not contradicted, as suppliers may not be able to immediately increase supply to meet the higher demand, resulting in higher prices.

Every Spring, Motorists Do More Driving Than During the Winter