Which of the following would most likely increase the demand for gasoline?

A. The expectation by consumers that gasoline prices will be higher in the future.
B. The expectation by consumers that gasoline prices will be lower in the future.
C. A widespread shift in car ownership from SUVs to hybrid sedans.
D. A decrease in the price of public transportation.

Answer: A

Economics

You might also like to view...

For a tangible index of well-being, we can regard income as the only barometer necessary

Indicate whether the statement is true or false

Economics

A dual economy is characterized by:

a. rapid productivity growth in both the agricultural sector and the manufacturing sector. b. uneven development trends in two economic sectors. c. drastic differences in regional work ethics. d. the nonexistence of the government and foreign trade sectors. e. a manufacturing sector that does not depend on natural resource supplies for production.

Economics