Figure: Demand and Supply of Gasoline
(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline.Given the equilibrium after a change in supply from S1 to S2:
A.at the old price of $2.50, there will be pressure for the price to fall.
B.the new price will be $2.00.
C.the new quantity will be 600.
D.the price will remain constant.

Question

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The Answer of Figure: Demand and Supply of Gasoline
(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline.Given the equilibrium after a change in supply from S1 to S2:
A.at the old price of $2.50, there will be pressure for the price to fall.
B.the new price will be $2.00.
C.the new quantity will be 600.
D.the price will remain constant.