At an equilibrium price for gasoline, a. everyone who is willing and able to purchase gasoline at that price can do so. b. surpluses are inevitable. c. suppliers must be using the most efficient oil-drilling equipment available. d. market forces will eventually change the quantities demanded and supplied
At an equilibrium price for gasoline, a. everyone who is willing and able to purchase gasoline at that price can do so. b. surpluses are inevitable. c. suppliers must be using the most efficient oil-drilling equipment available. d. market forces will eventually change the quantities demanded and supplied
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 16AA
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Question
At an equilibrium price for gasoline,
a. |
everyone who is willing and able to purchase gasoline at that price can do so.
|
|
b. |
surpluses are inevitable.
|
|
c. |
suppliers must be using the most efficient oil-drilling equipment available.
|
|
d. |
market forces will eventually change the quantities demanded and supplied.
|
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