The table above shows the situation in the gasoline market in Tulsa, Oklahoma. If the price of a gallon of gasoline is $3.65, then
A) there is a surplus of gasoline in Tulsa.
B) there is a shortage of gasoline in Tulsa.
C) the gasoline market in Tulsa is in equilibrium.
D) Without more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in Tulsa.
E) There is neither a surplus nor a shortage, but the market is NOT in equilibrium.
C
Economics
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A very high Gini coefficient implies a very wealthy country
Indicate whether the statement is true or false
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If the stock of physical capital remains constant while employment rises, output
a) initially declines, then eventually rises b) increases at an increasing rate c) remains constant in real terms d) increases at a decreasing rate e) fluctuates with the price level
Economics