Demand for gasoline increases on Fridays because
A) everyone expects gasoline prices will fall on Saturday.
B) the prices of substitute products fall on Fridays.
C) the prices of complementary products rise on Fridays.
D) incomes are lower on Fridays and gasoline is a normal good.
E) everyone expects gasoline prices will rise on Saturday.

Question

Quizplus · Accepted Answer

The explanation for the increase in demand for gasoline on Fridays is that people expect gasoline prices will rise on Saturday. This creates an incentive for people to fill up their tanks on Friday before prices potentially increase on the weekend.

Demand for Gasoline Increases on Fridays Because