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Question: price on 400 supply 300l krdemand 200f 100 0...

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Price on 4.00 Supply 3.00---.L- .., k-r-…-Demand 2.00+-F- 1.00 0 20 40 60 80 100 120 140 160 Gallons of Gasoline per Week (000) Refer to the above figure. If the government set a price floor of $3.00 per gallon, there would be 1) an excess quantity supplied equal to the distance BD. 2) an excess quantity supplied equal to 40,000 gallons 3) an excess quantity supplied equal to the distance BF 4) an excess quantity demanded equal to 100,000 gallons
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