the table above shows the situation in the gasoline market in tulsa, oklahoma. if the price of a gallon of…

the table above shows the situation in the gasoline market in tulsa, oklahoma. if the price of a gallon of gasoline is $3.73, then\n\nthe gasoline market in tulsa is in equilibrium.\n\nthere is a shortage of gasoline in tulsa.\n\nwithout more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in tulsa.\n\nthere is neither a surplus nor a shortage but the market is not in equilibrium.

the table above shows the situation in the gasoline market in tulsa, oklahoma. if the price of a gallon of gasoline is $3.73, then\n\nthe gasoline market in tulsa is in equilibrium.\n\nthere is a shortage of gasoline in tulsa.\n\nwithout more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in tulsa.\n\nthere is neither a surplus nor a shortage but the market is not in equilibrium.

Answer

Brief Explanations:

When price is $3.73, quantity supplied (441,074 gallons) is greater than quantity demanded (337,982 gallons). A surplus occurs when quantity supplied exceeds quantity demanded.

Answer:

there is a surplus of gasoline in Tulsa.