Table 17-12 the Table Shows the Town of Driveaway's Demand Schedule for Schedule

question 16

Multiple Choice

Table 17-12
The table shows the town of Driveaway's demand schedule for gasoline. Assume the town's gasoline seller(s) incurs a cost of $2 for each gallon sold, with no fixed cost.
-Refer to Table 17-12. Suppose we observe that the price of a gallon of gasoline in Driveaway is $2. Given this observation, which of the following scenarios is most likely?

• A)There is one seller of gasoline in Driveaway.
• B)There are two sellers of gasoline in Driveaway.
• C)There are a few sellers of gasoline in Driveaway, but the number of sellers exceeds two.
• D)There are many sellers of gasoline in Driveaway.

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