Question: What do you think will be the effect on the equilibrium price and quantity of gasoline consumption if consumers believe that gasoline prices will continue

What do you think will be the effect on the equilibrium price and quantity of gasoline consumption if consumers believe that gasoline prices will continue to rise in the near future (assume no change in the supply of gasoline)? Give reasons for your answer. Please post your response to these questions as you usually are supposed to under the "Discussions" icon found in the left hand menu.

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