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Figure: Demand and Supply of Gasoline
-(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline. The initial equilibrium price and quantity (at intersection of S₁ and D) of gasoline are:

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Use the following to answer questions:
Figure: Demand and Supply of Gasoline

-(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline. The initial equilibrium price and quantity (at intersection of S₁ and D) of gasoline are:

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The Answer of Use the following to answer questions: Figure: Demand and Supply of Gasoline -(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline. The initial equilibrium price and quantity (at intersection of S₁ and D) of gasoline are: A)$2.00 and 450 gallons. B)$1.50 and 400 gallons. C)$2.00 and 200 gallons. D)$2.50 and 300 gallons.

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