"4" The Wall Street Journal of August 13, 2022, reported that an oil industry . "rule of thumb" is "that for every 10 percent increase In gasoline prices, gasoline consumption declines (approximately) two percent." This Indicates that the demand for gasoline is (relatively elastic/unitary elastic/relatively Inelastic) which means that as the price of gasoline increases in this price range that total expenditures on gasoline will (increase/ not change/decrease). O Unitary elastic; not change. Relatively elastic; decrease. Relatively Inelastic; Increase. Relatively Inelastic; decrease. Relatively elastic: Increase