Business, 06.07.2021 19:40 eelebron0905
The demand curve for gasoline slopes downward and the supply curve for gasoline slopes upward. The production of the 200th gallon of gasoline entails the following:
• a private cost of $3.03;
• a social cost of $3.23;
• a value to consumers of $3.39.
Refer to Scenario 10-1. Suppose the equilibrium quantity of gasoline is 220 gallons; that is, Q MARKET = 220. Then the equilibrium price of a gallon could be:
a. $3.08.
b.$2.77.
c. $2.45.
d. $3.69.
Answers: 3
Business, 21.06.2019 17:40
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Business, 22.06.2019 10:30
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The demand curve for gasoline slopes downward and the supply curve for gasoline slopes upward. The p...
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