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.