The able shows the price of a gallon of unleaded premiumgasoline. For each price, the table lists the number of gallonsper day that a gas station sells and the number of gallons perday that can be supplied. SUPPLY AND DEMAND FOR UNLEADED PREMIUM GASOLINE Price perGallon Gallons Demandedper Day Gallons Suppliedper Day S3.20 1400 200 $3.60 1200 600 $4.40 800 1400 $4.80 6(10 1800 The data in the table are described by the following demandand supply models: Demand Model Supply Model p = − 0.002 x + 6 p = 0.001 x + 3 Price par gallon Number of gallons $$$ per day Price per gallon Number of gallons supplied per day a. Solve the system and find the equilibrium quantity and the equilibrium price for a gallon of unleaded premiumgasoline. 1000 gallons; $4 b. Use your answer from part (a) tocomplete this statement: If unleaded premium gasoline is sold for $4 pergallon, there will be a demand for 1000 gallonsper day and 1000 gallons will be supplied per day.
The able shows the price of a gallon of unleaded premiumgasoline. For each price, the table lists the number of gallonsper day that a gas station sells and the number of gallons perday that can be supplied. SUPPLY AND DEMAND FOR UNLEADED PREMIUM GASOLINE Price perGallon Gallons Demandedper Day Gallons Suppliedper Day S3.20 1400 200 $3.60 1200 600 $4.40 800 1400 $4.80 6(10 1800 The data in the table are described by the following demandand supply models: Demand Model Supply Model p = − 0.002 x + 6 p = 0.001 x + 3 Price par gallon Number of gallons $$$ per day Price per gallon Number of gallons supplied per day a. Solve the system and find the equilibrium quantity and the equilibrium price for a gallon of unleaded premiumgasoline. 1000 gallons; $4 b. Use your answer from part (a) tocomplete this statement: If unleaded premium gasoline is sold for $4 pergallon, there will be a demand for 1000 gallonsper day and 1000 gallons will be supplied per day.
Solution Summary: The author calculates the equilibrium quantity and equilibrium price for a gallon.
The able shows the price of a gallon of unleaded premiumgasoline. For each price, the table lists the number of gallonsper day that a gas station sells and the number of gallons perday that can be supplied.
SUPPLY AND DEMAND FOR UNLEADED PREMIUM GASOLINE
Price perGallon
Gallons Demandedper Day
Gallons Suppliedper Day
S3.20
1400
200
$3.60
1200
600
$4.40
800
1400
$4.80
6(10
1800
The data in the table are described by the following demandand supply models:
Demand Model Supply Model
p
=
−
0.002
x
+
6
p
=
0.001
x
+
3
Price par gallon Number of gallons $$$ per day Price per gallon Number of gallons supplied per day
a. Solve the system and find the equilibrium quantity and the equilibrium price for a gallon of unleaded premiumgasoline. 1000 gallons; $4
b. Use your answer from part (a) tocomplete this statement:
If unleaded premium gasoline is sold for $4 pergallon, there will be a demand for 1000 gallonsper day and 1000 gallons will be supplied per day.
Determine the number of automorphisms of the following graph. Explain why your
answer is correct.
Find the bisector of the angle <ABC in the Poincaré plane, where A=(0,5), B=(0,3) and C=(2,\sqrt{21})
The masses measured on a population of 100 animals were grouped in the
following table, after being recorded to the nearest gram
Mass
89 90-109 110-129 130-149 150-169 170-189 > 190
Frequency 3
7 34
43
10
2
1
You are given that the sample mean of the data is 131.5 and the sample
standard deviation is 20.0. Test the hypothesis that the distribution of masses
follows a normal distribution at the 5% significance level.
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