This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the equilibrium price of gasoline is $3.00 per gallon and the government will not allow oil ... (Read 86 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
on: Apr 19, 2019

If the equilibrium price of gasoline is $3.00 per gallon and the government will not allow oil companies to charge more than $2.00 per gallon of gasoline, which of the following will happen?


◦ The market will be in equilibrium at a price of $2.00.
◦ Supply must eventually increase so that the market will come into equilibrium at a price of $2.00.
◦ Demand must eventually decrease so that the market will come into equilibrium at a price of $2.00.
◦ A nonprice rationing system such as ration coupons must be used to ration the available supply of gasoline.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joblessjake on Apr 19, 2019

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


joblessjake

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Apr 19, 2019
Thanks


juliaf

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Splash blending occurs when the ethanol is added to a tanker with gasoline and is mixed as the ... Splash blending occurs when the ethanol is added to a tanker with gasoline and is mixed as the ...
A flex-fuel vehicle often has a yellow gas cap, which is labeled “E85/gasoline”. A flex-fuel vehicle often has a yellow gas cap, which is labeled “E85/gasoline”.
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library