Title: Refer to the above figure. At a price of $2 per gallon, there is Post by: rizumidancer on Mar 3, 2019 Question 1. Refer to the above figure. If government sets the maximum legal price of gasoline at $2 per gallon, then the $2 limit acts as • a price ceiling. • a just price. • a price floor. • an equilibrium price. Question 2. Refer to the above figure. At a price of $2 per gallon, there is • a shortage of 60,000 gallons per month. • a shortage of 40,000 gallons per month. • a shortage of 80,000 gallons per month. • a surplus of 20,000 gallons per month. Title: Refer to the above figure. At a price of $2 per gallon, there is Post by: sadeen on Mar 3, 2019 Content hidden
|