Answer:
20 million gallons
Explanation
The market quantity supplied can be found by adding the quanirty supplied of the 5 suppliers.
When price is $1.5, tucker supplies 3 million gallons
3 + 10+2 + 5 + 0 = 20
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Answer:
Conflicting personalities
Answer:
lower the cost of producing gasoline and increase the supply of gasoline
Explanation:
Crude oil is an input needed in the production of gasoline. If the price of crude oil falls, it would become cheaper to make gasoline and therefore the supply of gasoline would increase.
The economic growth in the recruitment letter was demonstrated as a result of industrial production.
<h3>What is economic growth?</h3>
A stable uplift in the economic conditions, in comparison to the previous economic period(s), is regarded as an economic growth. It is driven by many external factors.
In the recruitment letter, it was found that the increase in the industrial productivity led to extreme economic growth in the United States of America.
Hence, the reasons for the economic growth have been aforementioned.
Learn more about economic growth here:
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Answer:
The total supply can be found by adding individual supply functions as follows:
Qa+Qb = Q
Q = -2+p+0.5p
Q= -2+1.5p where p = $44 therefore;
Q= -2+1.5(44)
Q= 64
Total supply at p = $15
Q= -2+15(1.5)
Q= 20.5
