Question

Law of supply states that as the price of a good declines, the quantity supplied of that good

Answer 1

Increases, everyone will buy more since it is cheaper, people will stock gas away when it is cheap so they don't have to buy it when it is expensive.

Answer 2

The answer is the supply of good declines.

According to the law of supply, which is a basic law of economics, when the prices of the goods decline, the supplies of the good also declines. and if the prices of the goods rise, the supplies of the goods also rise.