1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
4 years ago
7

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

Social Studies
2 answers:
Angelina_Jolie [31]4 years ago
8 0

The correct answer is C.

At the equilibrium point the market clears. This means that the amount demanded equals the amount supplied and that the desires of the producers and consumers that participate have been fulfilled.

When there is a shortage of gasoline (or excess demand), it means that the amount demanded by consumers at a specific price level is greater than the amount supplied by producers.<u> Therefore, the adjustment mechanism of the market will operate, increasing the amount charged for gasoline, so that less consumers are willing to purchase it at a higher pric</u>e. Adjustment will continue happening, and prices will continue growing, until the amounts supplied and demanded meet and an equilibrium is reached. Therefore,<u> the equilibrium price for gasoline is greater than one euro per gallon.</u>

san4es73 [151]4 years ago
4 0

the answer is most likely c.


You might be interested in
Many people avoid swimming in the ocean because they are frightened by the prospect of shark attacks, but in fact, shark attacks
scoray [572]

Answer: Base rate

Explanation: Base rate is the rate that determines about the basic or minimum rate that is set for certain population having particular features and it is supposed that nothing is known about the individual apart from the knowing that he/she belongs to the population.

The situation mentioned in the question describes about the base rate situation because even though the rate of shark attacks are low in USA ,a base rate is present for the minimum population facing the shark attacks. Knowing this situation, people avoid swimming activity .

8 0
4 years ago
Which members are included in the Executive Branch? Select ALL that apply. Governor Lt Governor Judge Attorney General
ki77a [65]
<span>Lt Governor, Attorney General and Governor. Please give me brainliest :)</span>
8 0
3 years ago
Read 2 more answers
What are the effects of malnurition on human development
aleksandrvk [35]

Answer: it can stunt growth, cause depression, cause early aging, and other mental illness.

Explanation:

6 0
3 years ago
D)
torisob [31]

Answer:

In the Revolutionary War, slave owners often let the people they enslaved to enlist in the war with promises of freedom, but many were put back into slavery after the conclusion of the war. In April 1775, at Lexington and Concord, Black men responded to the call and fought with Patriot forces.

3 0
3 years ago
How can the number of electoral votes in a particular state change?
Oksanka [162]
The more people it had the more it votes it attained 
4 0
3 years ago
Other questions:
  • Violating a folkway usually results in
    6·1 answer
  • 3) What result did declaring independence have on the colonial charters? It had no lasting results. It meant that all of their c
    11·1 answer
  • Predict what event is an example of geographic factors having a significant effect on buffalo in Texas?
    12·1 answer
  • In some states the law requires drivers to turn on their headlights when driving in the rain
    14·1 answer
  • Which is NOT an example of an effective note-taking strategy Rita could use to feel more engaged during her lectures?B. If Rita
    8·2 answers
  • An automatic respinse that occurs rapidly without conscious control
    14·1 answer
  • Which of these is NOT a characteristic of Hinduism?
    6·1 answer
  • A study by Sutherland, Andersen and Stoove (2001) investigated the relationship between exercise and multiple sclerosis (MS). Re
    9·1 answer
  • Amy Bernstein’s "I'm Not Thirteen Yet" is an example of
    7·2 answers
  • What are the function of intermediaries in market​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!