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whipped whipped
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6 years ago
Which of the following was an effect of the price ceiling placed on gasoline in the U.S. in the 1970s?
A) The inventory of unsold gas increased and gas stations incurred losses.
B) Those who valued gas the most were able to buy gas under the price ceiling.
C) Gas stations ran out of gas as the quantity of gas demanded exceeded the quantity supplied.
D) Car owners started buying luxury cars that were less fuel-efficient as the price of gas was very low.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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6 years ago
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whipped Author
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6 years ago
Good timing, thanks!
rene_ram97
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Yesterday
this is exactly what I needed
carston
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2 hours ago
Smart ... Thanks!
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