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Price Number of gallons $2.09 1607 $2.19 1648 $2.29 1651 $2.39 1697 $2.49 1710 $2.59 1777 $2.69 1837 $2.78 1901 $2.89 1955 $2.99 1986 $3.09

Price Number of gallons

$2.09 1607

$2.19 1648

$2.29 1651

$2.39 1697

$2.49 1710

$2.59 1777

$2.69 1837

$2.78 1901

$2.89 1955

$2.99 1986

$3.09 2025

$3.19 2084

$3.29 2153

$3.39 2215

$3.49. 2287

$3.59 2300

Taking into consideration these data,

1. present them graphically by using EXCEL Graphics

2. identify the linear supply function by using EXCEL Statistical Functions

3. determine the hypothetical price for which the demand might be zero

4. determine the equilibrium price and equilibrium quantity for gasoline.

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