Table: Gasoline Market Use the Table

question 185

Multiple Choice

Table: Gasoline Market $$\begin{array} { l c c } \hline & \text { Free Market } & \text { Price Ceiling } \\\hline \text { Price per gallon of gas } & \$ 4.00 & \$ 3.00 \\\text { Value of time } & \$ 20 / \text { hour } & \$ 20 / \text { hour } \\\text { Waiting time to buy } & & \\20 \text { gallons of gas } & 0 & 1.5 \text { hours } \\\hline\end{array}$$ Use the table. The total cost of purchasing 20 gallons of gas at the free market price and the price ceiling are ________ and ________, respectively.

• A) $100; $80
• B) $80; $90
• C) $60; $75
• D) $40; $60

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Definitions:

Facilitation

The process by which certain living organisms make an environment more suitable for other organisms to inhabit, often leading to changes in the community composition.

Ecosystem

A biological community of interacting organisms and their physical environment, functioning as a system through nutrient cycles and energy flows.

Immature Ecosystems

Ecosystems in the early stages of development, which have yet to reach a stable climax community and are characterized by rapid changes in species composition and structure.

Food Webs

A food web consists of all the food chains in a single ecosystem.