During the most recent Thanksgiving holiday weekend in the United States, gasoline retailers increased the price of gas an average of five cents a gallon. Which statement is most likely to be true about gasoline retailers' pricing strategy?

Question

Quizplus · Accepted Answer

The increase in gas prices during a peak travel time like Thanksgiving suggests that retailers were taking advantage of higher demand and a potentially strong economy, where consumers are more willing to pay extra. This is a common pricing strategy in various markets, reflecting an understanding of supply and demand dynamics rather than attributing the action to greed, competition, or economic weakness.

During the Most Recent Thanksgiving Holiday Weekend in the United