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Title: If the equilibrium price of gasoline is $4.00 per gallon and the government will not allow oil ... Post by: Ryanteck on Jun 27, 2017 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?
A) A nonprice rationing system such as ration coupons must be used to ration the available supply of gasoline. B) The market will be in equilibrium at a price of $3.00. C) Supply must eventually increase so that the market will come into equilibrium at a price of $3.00. D) Demand must eventually decrease so that the market will come into equilibrium at a price of $3.00. Title: Re: If the equilibrium price of gasoline is $4.00 per gallon and the government will not allow oil ... Post by: Akshtsaklani21 on Jun 27, 2017 Content hidden
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