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Q. Cost per Gallon Quantity Demanded (Millions of Gallons Quantity Supplied (Millions of gallons
$1.20 170 80
$1.30 156 105
$1.40 140 140
$1.50 123 175
$1.60 100 210
$1.70 95 238

e. Graph demand and supply curves.

f. Find out equilibrium cost and quantity.

c. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9292977

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