The demand for gasoline has increased. One explanation is that
A) consumer incomes are lower and gasoline is a normal good.
B) the price of automobiles is higher and gasoline and automobiles are complements.
C) consumer incomes are higher and gasoline is a normal good.
D) the number of consumers has decreased.
E) everyone expects tomorrow's gasoline price will be lower.

Question

Quizplus · Accepted Answer

When consumer incomes increase, they tend to spend more on transportation, leading to an increase in demand for gasoline.

The Demand for Gasoline Has Increased