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Home Q & A Board Other Fields Homework Help Business Economics
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Ryanteck Ryanteck
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7 years ago
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.
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Akshtsaklani21Akshtsaklani21
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7 years ago
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Ryanteck Author
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7 years ago
This helped my grade so much Perfect
foxrcng11
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Yesterday
Thanks
jmelchor77
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2 hours ago
You make an excellent tutor!
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