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Looking at the graph, if price was $1.60 per gallon and increased to $2.20 per gallon, how does quantity supplied of gasoline change? A)640 million
Looking at the graph, if price was $1.60 per gallon and increased to $2.20 per gallon, how does quantity supplied of gasoline change?
A)640 million gallons to 720 million gallons
B)600 million gallons to 720 millions gallons
C)720 million gallons to 640 million gallons
$2.20 ($2.20 per gallon, 720 million gallons) $2.00 ($2.00 per gallon, 700 million gallons) $1.80 ($1.80 per gallon, 680 million gallons) $1.60 ($1.60 per gallon, 640 million gallons) Price ($ per gallon) $1.40 ($1.40 per gallon, 600 million gallons) $1.20 ($1.20 per gallon, 550 million gallons) $1.00 ($1.00 per gallon, 500 million gallons) 300 400 500 600 700 800 900 Quantity of Gasoline (millions of gallons)$2.20 ($2.20 per gallon, 720 million gallons) $2.00 ($2.00 per gallon, 700 million gallons) $1.80 ($1.80 per gallon, 680 million gallons) $1.60 ($1.60 per gallon, 640 million gallons) Price ($ per gallon) $1.40 ($1.40 per gallon, 600 million gallons) $1.20 ($1.20 per gallon, 550 million gallons) $1.00 ($1.00 per gallon, 500 million gallons) 300 400 500 600 700 800 900 Quantity of Gasoline (millions of gallons)Step by Step Solution
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