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Exhibit: Demand and Supply of Gasoline
-(Exhibit: Demand and Supply of Gasoline) Given the equilibrium after a change in supply from S₁ to S₂:

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Use the following to answer questions . Exhibit: Demand and Supply of Gasoline -(Exhibit: Demand and Supply of Gasoline) Given the equilibrium after a change in supply from S₁ to S₂:

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The shift from S1 to S2 indicates an increase in supply, which at the old price of $2.50 would create a surplus, leading to downward pressure on the price.

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