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Author Question: If the equilibrium price of gasoline is $3.00 per gallon and the government will not allow oil ... (Read 102 times)

joblessjake

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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
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Marked as best answer by joblessjake on Apr 19, 2019

juliaf

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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.
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joblessjake

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Reply #2 on: Apr 19, 2019
Thanks


juliaf

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Reply #3 on: Apr 19, 2019
Welcome :)


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