Question: Right now we are observing a sharp increase in the price of gasoline due to supply-side changes to do with the war in Ukraine

Right now we are observing a sharp increase in the price of

Right now we are observing a sharp increase in the price of gasoline due to supply-side changes to do with the war in Ukraine and sanctions on Russia. Thinking about the fact that gasoline demand is relatively inelastic, what changes do we expect we will see in the quantity demanded Qd? Assume the supply-side changes we see now persist into the future.

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