Consider the market for gasoline, illustrated in the figure to the right. The equilibrium quantity of gasoline is ☐ million gallons (enter a numeric response using a real number rounded to two decimal places) and the equilibrium price is $ ☐ per gallon. If instead the market price were $1.75, then there would be a of million gallons. 5.00- s 4.50- 4.00- 3.50- 3.00 2.50- 2.00- Price of Gasoline (per gallon) 1.50- 1.00- D 0.50- 0.00- 3.5 10.5 14 17.5 21 24.5 28 31.5 35 Quantity of Gasoline (gallons in millions) ✓

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