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Loraine Loraine
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8 years ago
A price ceiling in the market for gasoline that is below the equilibrium price will lead to
A) the quantity demanded of gasoline exceeding the quantity supplied.
B) an increase in the demand for gasoline.
C) a decrease in the supply of gasoline.
D) the quantity supplied of gasoline exceeding the quantity demanded.
E) no change in the market since the price ceiling is below the equilibrium price.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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Loraine Author
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Thanks for your help!!
fxinternational
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Brilliant ツ
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Just got PERFECT on my quiz
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