Explain the expected effects of these higher gas prices on the market (Demand, Supply, Price) of compact (fuel efficient) cars and explain why.

In a certain year, the price of gas rose a lot. Explain the expected effects of these higher gas prices on the market (Demand, Supply, Price) of compact (fuel efficient) cars and explain why. Aim for Clarity and Precision in your post
The answer requires material relevant to the topic we have just covered
It is asking for your ‘informed’ opinion; opinion based on what you have just learned
The precision of language and content is very important to convey what you want to say Please discuss the above statement in at least 150 words only 150 words essay pro would not let me put the word count that low so I’m looking for a lot lower price on this assignment.