A Market in Which Price Is Below the Equilibrium Leve 2.50 2.00 s 1.50 1.00 3 4 Quantity(1,000s of gallons/day) Chapter 7: Efficiency and Exchange Slide 8MB MC Chapter 7: Efficiency and Exchange Slide 8 A Market in Which Price Is Below the Equilibrium Level 2.50 Quantity (1,000s of gallons/day) Price ($/gallon) 1 2 3 4 5 2.00 1.50 1.00 .50 D S