Use the following to answer questions:
Figure: Demand and Supply of Gasoline 
-(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline. Given the initial equilibrium of S1 and D, any price lower than _____ will exert pressure for the price to _____.
Definitions:
Modern View
Current perspectives or theories in a field, reflecting the latest developments, research, and thinking, as opposed to traditional or outdated positions.
Existential Import
The implication that a statement or proposition has concerning the existence of certain entities.
Rules Of Validity
Refer to the principles determining the correctness of the logical structure of arguments.
Modern View
Contemporary perspectives or theories on a subject, reflecting the latest developments, ideas, or attitudes in contrast to older viewpoints.
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