An increase in the demand for gasoline accompanied by a decrease in the supply of gasoline will cause the price to rise,but may cause the quantity purchased to increase,decrease,or remain the same

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When demand for gasoline increases, it will lead to an increase in the price of gasoline. However, if the supply of gasoline decreases, it may result in either a decrease in the quantity purchased due to scarcity or an increase in the quantity purchased due to panic buying or hoarding, depending on the severity of the supply shortage and consumer behavior. Therefore, it is possible for the quantity purchased to either increase, decrease, or remain the same.

An Increase in the Demand for Gasoline Accompanied by a Decrease