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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Use the Figure Below to Answer the Following Question(s)