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Lauren1 Lauren1
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Posts: 4120
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9 years ago
Suppose the government imposes a price ceiling on gasoline that is less than the equilibrium price. As a result,
A) the price of gasoline rises to the equilibrium price.
B) there is incentive for buyers to undertake search activity.
C) the supply of gasoline will increase and the supply curve will shift rightward.
D) the demand for gasoline will decrease and the demand curve will shift leftward.
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MrDerecheMrDereche
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#1
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9 years ago
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Lauren1 Author
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#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
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