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Assume gasoline is sold in a competitive market, the equilibrium price is $50 per barrel, and the equilibrium quantity is 1000 barrels.
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11 votes
11 votes
Assume gasoline is sold in a competitive market, the equilibrium price is $50 per barrel, and the equilibrium quantity is 1000 barrels.

User Pratik Gaurav
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1 Answer

12 votes
12 votes

Answer:

The answer is 5000 Barrels.

Explanation:

If a barrel is $50, you do 50 times 1000 and you get 5000 barrels.

User Arnav Aggarwal
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