People come to expect that the price of a gallon of gasoline will ...

[burton19126]

People come to expect that the price of a gallon of gasoline will rise next week. As a result,
 
  A) today's demand for gasoline and today's supply of gasoline do not change.
  B) next week's supply of gasoline decreases.
  C) the price of a gallon of gasoline falls today.
  D) today's supply of gasoline increases.
  E) today's demand for gasoline increases.

Question 2

Suppose the population of Timmy Town is 1000 people and the working-age population is 800. If 200 of these people are unemployed, the unemployment rate in Timmy Town is
 
  A) 1/4  100.
  B) 1/5  100.
  C) 1/8  100.
  D) 2 percent.
  E) There is not enough information provided to calculate the unemployment rate.

[LegendaryAnswers]

Answer to Question 1

E

Answer to Question 2

E