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

Author Question: If the equilibrium price of gasoline is $4.00 per gallon and the government will not allow oil ... (Read 101 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Apr 19, 2019

If the equilibrium price of gasoline is $4.00 per gallon and the government will not allow oil companies to charge more than $3.00 per gallon of gasoline, which of the following will happen?


◦ Demand must eventually decrease so that the market will come into equilibrium at a price of $3.00.
◦ Supply must eventually increase so that the market will come into equilibrium at a price of $3.00.
◦ A nonprice rationing system such as ration coupons must be used to ration the available supply of gasoline.
◦ The market will be in equilibrium at a price of $3.00.
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 Haya94 on Apr 19, 2019

potomatos

  • Sr. Member
  • ****
  • Posts: 338
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


Haya94

  • Hero Member
  • *****
  • Posts: 558
Reply #2 on: Apr 19, 2019
Thanks


potomatos

  • Sr. Member
  • ****
  • Posts: 338
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

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

This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Some playgrounds near streets with heavy traffic may still have high levels of lead from gasoline ... Some playgrounds near streets with heavy traffic may still have high levels of lead from gasoline ...
A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ... A gasoline testing kit, including an insulated container where water at 100°F is used to heat a ...
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library