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Figure: Demand and Supply of Gasoline
-Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline.The initial equilibrium price and quantity (at intersection of S₁ and D) of gasoline are:

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Use the following to answer questions:
Figure: Demand and Supply of Gasoline

-Figure: Demand and Supply of Gasoline) Use Figure: Demand and Supply of Gasoline.The initial equilibrium price and quantity (at intersection of S₁ and D) of gasoline are:

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The Answer of Use the following to answer questions: Figure: Demand and Supply of Gasoline -Figure: Demand and Supply of Gasoline)Use Figure: Demand and Supply of Gasoline.The initial equilibrium price and quantity (at intersection of S₁ and D)of gasoline are: A) $2.00 and 450 litres. B) $1.50 and 400 litres. C) $2.00 and 200 litres. D) $2.50 and 300 litres.

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