Homework: Digita... Question 1, Demand/Sup... HW Score: 70%, 70 of 100 points Part 4 of 4 O Points: 0 of 10 Consider the market for gasoline, illustrated in the figure to the right. 4.50- 4.00- The equilibrium quantity of gasoline is 15 million gallons (enter a numeric response using a real number rounded to two decimal places) and the equilibrium 3.50 price is $ 2.50 per gallon. 3.00- Price of Gasoline (per gallon) N If instead the market price were $1.75, then there would be a shortage of million gallons. 2.00- 1.50- 1.00- D 0.50- 0.00- 3 6 9 12 15 18 21 24 27 30 Quantity of Gasoline (gallons in millions) Grapher Ask My Instructor Print Clear All Check Ans