asked 109k views
14 votes
If buyers and sellers expect higher gasoline prices next week,

a. demand increases and supply decreases today, therefore the equilibrium price increase today

b. demand will increase and supply will decrease next week, therefore the equilibrium price increase next week

c. the demand for gasoline will be unaffected, and the effect in supply is uncertain.

d. demand decreases and supply increases today, therefore the equilibrium price decrease today

asked
User Gota
by
8.7k points

2 Answers

9 votes

Answer:

a. demand increases and supply decreases today, therefore the equilibrium price increase today

Explanation:

answered
User Ignis
by
8.0k points
9 votes
C. The demand for gasoline will be unaffected and the effect in supply is uncertain
answered
User Despotbg
by
7.7k points

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