Question

concerned about the political Tallout from rising gas prices, the US government decides to impose a price ceiling on gasoline of $3.00 a gallon If the oil-producing nations increased production and drove the equilibrium price to $300 a gallon of gasoline would emerge The U.S. market for gasoline would be O A a shortage and a black market would emergo efficient OB. a surplus and a black market would emerge, netficient Oc. a surplus, efficient OD a shortage and a black market would emerge inefficient O E neither a surplus nor a shortage omicient Click to select your answer

Answer 1

e Price A D Si pe_3 (E² equilíbiniwang I ofter supply T increase ::. по si old supply Et old erilibinun 7 Cuantity - Qi option Q is E) The corect neither a purplus nor shortage; efficient