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The Following Figure Shows the Demand and Supply Curves for Gas

Question 27

Multiple Choice

The following figure shows the demand and supply curves for gas. D₁ is the initial demand curve, and S is the supply curve.
The following figure shows the demand and supply curves for gas. D₁ is the initial demand curve, and S is the supply curve.    -Refer to the figure above.When the demand curve for gas is D₂ and the supply curve for gas is S,the surplus in the market when price is $8 is ________ gallons. A)  20 B)  25 C)  50 D)  55
-Refer to the figure above.When the demand curve for gas is D₂ and the supply curve for gas is S,the surplus in the market when price is $8 is ________ gallons.


A) 20
B) 25
C) 50
D) 55

Correct Answer:

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