question 2 1 pts suppose the demand for gasoline is rising. which statement describes a possible cause…

question 2 1 pts suppose the demand for gasoline is rising. which statement describes a possible cause? incomes are falling. commuters are switching from driving to public transportation. consumers expect prices to rise in the near future. drivers are purchasing more fuel - efficient cars.

question 2 1 pts suppose the demand for gasoline is rising. which statement describes a possible cause? incomes are falling. commuters are switching from driving to public transportation. consumers expect prices to rise in the near future. drivers are purchasing more fuel - efficient cars.

Answer

Brief Explanations:

When consumers expect gasoline prices to rise in the near - future, they tend to buy more gasoline now to avoid paying higher prices later, which increases the current demand. Falling incomes would reduce overall consumption including gasoline. Commuters switching to public transportation would decrease the demand for gasoline used in cars. Buying more fuel - efficient cars would reduce the amount of gasoline needed per mile driven, thus decreasing demand.

Answer:

Consumers expect prices to rise in the near future.