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Laurent Laurent
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Posts: 803
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6 years ago
The shortages and lineups created by setting a price ceiling for gasoline will be worst when the demand for gasoline by drivers is ________ and the supply of gasoline by the oil companies is ________.
A) inelastic; inelastic
B) elastic; elastic
C) inelastic; elastic
D) elastic; inelastic
E) zero; infinity
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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AryanAryan
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6 years ago
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Laurent Author
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5 years ago
Wow, seems easier than I expected
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