In a Free Market, the Market Price and Quantity in the Above

Multiple Choice

In a free market, the market price and quantity in the above figure will adjust to equilibrium values of

A) $1 per gallon and 50 million gallons.
B) $4 per gallon and 10 million gallons.
C) $2 per gallon and 60 million gallons.
D) $2 per gallon and 30 million gallons.