Problem
1. What determines market demand for gasoline? Why?
2. How does market supply come about? What factors influence If no, why not?
3. How do shifts in demand and supply interact? Translate the results in affecting market equilibrium.
4. How is the experiment relevant to your understanding of demand and supply curves?
5. Explain the events that cause gasoline price movements in this experiment.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.