Help please! When gas prices go up, demand goes down slightly, but supply goes up dramatically. Using all of your critical thinking skills, develop a theory as to why this might be.

Explanation:

macroeconomics

law of supply and demand

decrease in demand causes excess supply to develop at

the initial price

in an extreme example  

a luxury item has a very low demand but very high price

supply would increase because the company wants more profit

not just from the company's competitors entering the market

gas prices are a function of market supply and demand. Increases in natural gas supply generally result in lower natural gas prices, and decreases in supply tend to lead to higher prices. Increases in demand generally lead to higher prices, and decreases in demand tend to lead to lower prices

eia

the best and most correct answer among the choices provided by the question is the second choice "less supportive to the war of 1812"

the war of 1812 was a military conflict that lasted from june 1812 to february 1815, fought between the united states of america and the united kingdom, its north american colonies, and its native american allies.

i hope my answer has come to your . god bless and have a nice day ahead!