The expectation of a future increase in the price of gasoline is likely to

Name: The expectation of a future increase in the price of gasoline is likely to
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Question

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If consumers expect an increase in the price of gasoline in the future, they are likely to increase their demand for it now before the price goes up. This is because they want to purchase gasoline at the current lower price before it becomes more expensive, leading to an increase in gasoline demand now.

The Expectation of a Future Increase in the Price of Gasoline