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Tonyt Tonyt
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A year ago
Which of the following was an effect of the price ceiling placed on gasoline in the United States in the 1970s?

▸ Those who valued gas the most were able to buy gas under the price ceiling.

▸ The inventory of unsold gas increased, and gas stations incurred losses.

▸ Car owners started buying luxury cars that were less fuel efficient as the price of gas was very low.

▸ Gas stations ran out of gas as the quantity of gas demanded exceeded the quantity supplied.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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oldgreyvlegsoldgreyvlegs
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A year ago
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Tonyt Author
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A year ago
Helped a lot
jodie1
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Yesterday
This helped my grade so much Perfect
jodie1
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2 hours ago
Good timing, thanks!
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