The table above shows the situation in the gasoline market inTulsa, Oklahoma. If
ID: 1233318 • Letter: T
Question
The table above shows the situation in the gasoline market inTulsa, Oklahoma. If the price of a gallon of gasoline is $1.62,then
there is a shortage of gasoline in Tulsa.
the gasoline market in Tulsa is in equilibrium.
there is a surplus of gasoline in Tulsa.
without more information we cannot determine if there is asurplus, a shortage, or an equilibrium in the gasoline market inTulsa.
there is neither a surplus nor a shortage but the market isNOT in equilibrium.
The table above shows the situation in the gasoline market inTulsa, Oklahoma. If the price of a gallon of gasoline is $1.62,then
there is a shortage of gasoline in Tulsa.
the gasoline market in Tulsa is in equilibrium.
there is a surplus of gasoline in Tulsa.
without more information we cannot determine if there is asurplus, a shortage, or an equilibrium in the gasoline market inTulsa.
there is neither a surplus nor a shortage but the market isNOT in equilibrium.
Explanation / Answer
you need to post the table