An Increase in the Demand for Gasoline Today Caused by Concerns

question 4

Multiple Choice

An increase in the demand for gasoline today caused by concerns that gasoline prices will be higher tomorrow is most likely attributable to which demand shifter?

• A) income
• B) consumer expectations
• C) consumer preferences
• D) prices of other goods

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Definitions:

Sweepstakes

A promotional drawing where prizes are given away at no charge to the participants.

100 Pounds

A weight measurement equivalent to approximately 45.36 kilograms.

BOGO

An acronym for "Buy One, Get One," a promotional sales technique where customers receive an additional item for free or at a significantly reduced price upon purchasing one at full price.

Brand Introduction

The process of launching a new brand or product line into the market, involving strategies for establishing brand identity, awareness, and customer loyalty.