The Following Figure Shows the Demand and Supply Curves for Gas

question 27

Multiple Choice

The following figure shows the demand and supply curves for gas. D₁ is the initial demand curve, and S is the supply curve.

-Refer to the figure above.When the demand curve for gas is D₂ and the supply curve for gas is S,the surplus in the market when price is $8 is ________ gallons.

• A) 20
• B) 25
• C) 50
• D) 55

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