A storm has disrupted gasoline production, and consumers expect that the price of gasoline will increase in the next few days. Today the demand curve for gasoline will:

Question

Quizplus · Accepted Answer

When consumers expect that the price of gasoline will increase in the future, they are likely to buy more gasoline now to avoid higher prices later, leading to an increase in demand today.

A Storm Has Disrupted Gasoline Production, and Consumers Expect That