Use the Following to Answer Questions

question 77

Multiple Choice

Use the following to answer questions .
Exhibit: Demand and Supply of Gasoline
-(Exhibit: Demand and Supply of Gasoline) Given the initial equilibrium of S₁ and D, any price lower than _____________ will create pressure for the price to ________ .

• A) $2.00; fall
• B) $2.50; rise
• C) $3.00; rise
• D) none of the above are true

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