Willow Park is a small community in Texas with only one gas station.The price of gasoline in Willow Park most likely
A) never changes.
B) is lower than in the big cities in Texas.
C) is determined by competitive market forces.
D) is higher than in the big cities in Texas.
E) produces a surplus of gasoline.

Question

Quizplus · Accepted Answer

Since Willow Park is a small community with only one gas station, there is less competition in the market which can lead to higher prices. Additionally, the cost of transportation and distribution of gasoline may be higher in a smaller community, further contributing to the likelihood of higher prices. Therefore, the price of gasoline in Willow Park is likely higher than in the big cities in Texas.

Willow Park Is a Small Community in Texas with Only