The table above shows the situation in the gasoline market in Tulsa. Oklahoma. I

Question

The table above shows the situation in the gasoline market in Tulsa. Oklahoma. If the prce of a galon of gasoline is $3.65, then there is a surplus of gasoline in Tuba there is a shortage of gasoline in Tulsa, the gasolino market in Tulsa is in equilibrium. without more information we cannot determine if there a a surplus, a shortage, or an the gasolino market in Tulsa, there is a surplus nor a shortage but the market is NOT in equilibrium. Which of the following shifts the supply curve of rutabagas rightward? (A rutabaga is a potato-like vegetable.)

Explanation / Answer

23. the gasoline market in Tulsa is in equilibrium

24. a fall in price of fertilizer used to grow rutabagas

25. the price of the good.

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