Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price

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Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline. Under what conditions would the price ceiling create lines at the pumps?

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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