asked 87.5k views
2 votes
An increase in the demand for gasoline today caused by concerns that gasoline prices will be higher tomorrow is most likely attributable to a change in:

income.
consumer preferences.
prices of other goods.
consumer expectations.

asked
User Yakubu
by
8.2k points

1 Answer

2 votes

Answer:

consumer expectations.

Step-by-step explanation:

There will be change in the consumer expectations , since , according to the question , the consumers are sure that the price of the gasoline will increase tomorrow , hence to save some amount of money , they will start to buy gasoline , and thereby the demand for gasoline would increase and they would expect more gasoline .

Hence , The correct answer according to the data of the question is - consumer expectations .

answered
User Cope
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7.8k points

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