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There is a shortage of gasoline at one dollar per gallon. The equilibrium price for gasoline is
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There is a shortage of gasoline at one dollar per gallon. The equilibrium price for gasoline is

User Sefier Tang
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1 vote

Answer:

one dollar per gallon

Step-by-step explanation:

Based on the information provided within the question it can be said that the equilibrium price for gasoline is that of one dollar per gallon. This is due to the fact that equilibrium price refers tot he intersection between the demand and supply curves. Which since there is a shortage of gasoline at one dollar then the demand curve must meet that supply shortage at that price.

User Angelmedia
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