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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Solve all this question......you will not solve all questions then I will give you down?? upvote....

Transcribed Image Text:Price
($/gallon)
$3.50
$3
$2.50
Type your answers in all of the blanks and submit
8 10 12 14
A binding price Type your answer here
Type your answer here
Type your answer here
A binding price Type your answer here
Supply
Demand
Quantity (thousands of gallons)
set at $3.50 per gallon results in a market surplus of
gallons of gasoline according to the graph.
set at $2.50 per gallon results in a market shortage of
gallons of gasoline according to the graph.
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