Multiple Choice
Use the figure below to answer the following question(s) .
Figure 3-9
Given the demand ( D ) and supply ( S ) for gasoline in Figure 3-9, if the price of gasoline were $3 per gallon,
A) consumers would wish to purchase more than was being supplied.
B) producers would be supplying more than consumers wished to purchase.
C) the quantity consumers wished to purchase would equal the quantity that producers wished to supply.
D) there would be a tendency for the price of gasoline to rise.
Correct Answer:
Verified
Correct Answer:
Verified
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