At an equilibrium price for gasoline, a. everyone who is willing and able to purchase gasoline at that price can do so. b. surpluses are inevitable. c. suppliers must be using the most efficient oil-drilling equipment available. d. market forces will eventually change the quantities demanded and supplied

At an equilibrium price for gasoline, a. everyone who is willing and able to purchase gasoline at that price can do so. b. surpluses are inevitable. c. suppliers must be using the most efficient oil-drilling equipment available. d. market forces will eventually change the quantities demanded and supplied

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter3: The Market And Price System

Section: Chapter Questions

Problem 15E

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	a.	everyone who is willing and able to purchase gasoline at that price can do so.
	b.	surpluses are inevitable.
	c.	suppliers must be using the most efficient oil-drilling equipment available.
	d.	market forces will eventually change the quantities demanded and supplied.