Use the Figure Below to Answer the Following Question(s)

question 559

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 3-9

Given the demand ( D ) and supply ( S ) for gasoline in Figure 3-9, if the price of gasoline were $1 per gallon,

• A) consumers would wish to purchase more than was being supplied.
• B) producers would be supplying more than consumers wished to purchase.
• C) the quantity consumers wished to purchase would equal the quantity that producers wished to supply.
• D) there would be a tendency for the price of gasoline to fall.

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