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Supply (in Liter) B. Market Supply Supply function: Qs = 80 + 5P Price of Gasoline (per Liter) P 10.00 30.00 50.00 70.00 90.00 C.

Supply (in Liter) B. Market Supply Supply function: Qs = 80 + 5P Price of Gasoline (per Liter) P 10.00 30.00 50.00 70.00 90.00 C. Market Equilibrium Use the demand function of Qd = 40 - P/4 and supply function of Qs = 2 + 2P. Price Demand Supply PO 4 8 12 16 20 24 28 32

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