According to the above figure for a gasoline market, what happens when the price per gallon of gasoline jumps from $1 to $4?
A) A gasoline surplus is replaced by a gas shortage.
B) The market moves from a shortage of 40 million gallons/day to a surplus of 50 million gallons/day.
C) The market shortage is replaced by market equilibrium.
D) A surplus of 40 million gallons/day results.
D
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As a result of the 2007-2009 financial crisis, which two firms became bank holding companies, allowing them to engage in commercial banking activities?
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The balance on goods and services is the same as the balance on the current account
a. True b. False Indicate whether the statement is true or false