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Multiple Choice Question Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline supplied in the United States is
Multiple Choice Question Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline supplied in the United States is 8 million barrels per day. Also suppose that when the price of gas decreases to $2.25 per gallon, the total amount of gasoline supplied is 7 million barrels per day. Based on these numbers and using the simple formula the percentage change in quantity supplied is: O 33.33%. 0 42.5%. 0 4.43%. O 43.3%
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