Consider the market for gasoline. If oil production declines due to a crisis in the Middle East, and at the same time people take more car vacations and drive more, what would be consistent with our understanding of the model of supply and demand in the gasoline market?

A) Equilibrium price would fall and equilibrium quantity would increase.

B) Equilibrium price would fall and equilibrium quantity would fall.

C) Equilibrium price would rise and equilibrium quantity would increase.