(17633) Refer to Table 17-2. Suppose there are exactly two sellers of gasoline in Pittsville: Exxoff and BQ. If Exxoff sells 300 gallons and BQ sells 400 gallons, then
(Choose 1 answer)
A. there is an excess supply of gasoline in Pittsville.
Table 17-2. The table shows the town of Pittsville's demand schedule for gasoline.assume the town's gasoline seller(s) incur no costs in selling gasoline.
Fo
B. Exxoff's profit is $900 and BQ's profit is $1,200.
C. there is an excess demand for gasoline in Pittsville.
D. Exxoff's profit is $2,100 and BQ's profit is $2,400.
Quantity (in gallons)
Price
Total Revenue (and total profit)
0
$10
$0
100
9
900
200
8
1,600
300
7
2,100
400
6
2,400
500
5
2,500
600
4
2,400
700
3
2,100
800
2
1,600
900
1
900
1,000
0
0
8
