NEW Quantity Supplied ('000 Gallons) Price Quantity DEMAND Demanded ($ per gallon) (S per gallon) ('000 Gallons) 4.00 52,000 48,000 4.50 50,000 50,000 5.00 48,000 52,000 5.50 46,000 54,000 6.00 44,000...

If demand decreases by 4,000 gallons at all prices, sketch the new demand curve on the same graph given.NEW<br>Quantity<br>Supplied<br>('000 Gallons)<br>Price<br>Quantity<br>DEMAND<br>Demanded<br>($ per gallon)<br>(S per gallon)<br>('000 Gallons)<br>4.00<br>52,000<br>48,000<br>4.50<br>50,000<br>50,000<br>5.00<br>48,000<br>52,000<br>5.50<br>46,000<br>54,000<br>6.00<br>44,000<br>56,000.<br>

Extracted text: NEW Quantity Supplied ('000 Gallons) Price Quantity DEMAND Demanded ($ per gallon) (S per gallon) ('000 Gallons) 4.00 52,000 48,000 4.50 50,000 50,000 5.00 48,000 52,000 5.50 46,000 54,000 6.00 44,000 56,000.
-Quantity Demanded<br>-Quant ity Supplied<br>Equilibrium price =$4.50 Equilibrium<br>Quantity=50,000<br>7.00<br>6.00<br>5.00<br>v 4.00<br>3.00<br>2.00<br>1.00<br>0.00<br>10000<br>20000<br>30000<br>40000<br>50000<br>60000<br>Quantity ( '000 Gallons)<br>Price $<br>

Extracted text: -Quantity Demanded -Quant ity Supplied Equilibrium price =$4.50 Equilibrium Quantity=50,000 7.00 6.00 5.00 v 4.00 3.00 2.00 1.00 0.00 10000 20000 30000 40000 50000 60000 Quantity ( '000 Gallons) Price $

Jun 10, 2022
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