Table 17-2

question 323

Multiple Choice

Table 17-2. The table shows the town of Pittsville's demand schedule for gasoline. For simplicity, assume the town's gasoline seller(s) incur no costs in selling gasoline.

-Refer to Table 17-2.Suppose there are exactly two sellers of gasoline in Pittsville: Exxoff and BQ.If Exxoff sells 300 gallons and BQ sells 400 gallons,then

• A) Exxoff's profit is $900 and BQ's profit is $1,200.
• B) Exxoff's profit is $2,100 and BQ's profit is $2,400.
• C) there is an excess demand for gasoline in Pittsville.
• D) there is an excess supply of gasoline in Pittsville.

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Definitions:

Seminal Vesicles

(1) In mammals, glandular sacs that secrete a component of semen (seminal fluid). (2) In some invertebrates, structures that store sperm.

Spermatogenesis

The process by which spermatozoa are produced from male primordial germ cells by way of mitosis and meiosis, occurring in the testes.

Ejaculatory Duct

A short duct that passes through the prostate gland and opens into the urethra; receives semen from the vas deferens.

Vas Deferens

The duct that conveys sperm from the testicle to the urethra, playing a crucial role in the male reproductive system.