According to the above figure for a gasoline market, an increase in the price from $2 to $4 will result in

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From the figure, we can see that at a price of $2, the quantity supplied is 40 million gallons and the quantity demanded is 60 million gallons, resulting in a surplus of 20 million gallons. When the price increases to $4, the quantity supplied increases to 60 million gallons, which is equal to the quantity demanded, resulting in no shortage or surplus. Therefore, there is an increase in quantity supplied of 20 million gallons.

According to the Above Figure for a Gasoline Market, an Increase