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Check my work a. Use the following facts to fill in the missing data in the table. If demand is Dj and supply is S1,

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Check my work a. Use the following facts to fill in the missing data in the table. If demand is Dj and supply is S1, the equilibrium quantity is 14,000 gallons per month. When demand is D2 and supply is $1, the equilibrium price is $6.00 per gallon. When demand is D2 and supply is S1, there is an excess demand of 6,000 gallons per month at a price of $4.00 per gallon. If demand is Dj and supply is $2, the equilibrium quantity is 16,000 gallons per month. b. Compare two equilibriums. In the first, demand is Dj and supply is S1. In the second, demand is Dj and supply is $2. By how much does the equilibrium quantity change? Equilibrium quantity decreases by gallons per month. By how much does the equilibrium price change? Equilibrium price (Click to select) by $ c. If supply falls from $2 to S, while demand simultaneously declines from D2 to D1, does the equilibrium price rise, fall, or stay the same? (Click to select) v What happens if only supply falls? (Click to select) v What happens if only demand falls

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