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Which of the following is an effect of the government instituting a price ceiling of $2.00 a gallon on gasoline? a. quantity demanded will be more than the quantity supplied. c. quantity supplied will be more than quantity demanded. b. quantity demanded will remain the same. d. quantity supplied will remain the same. Please select the best answer from the choices provided
a. quantity demanded will be more than the quantity supplied.
Expert answered|Fanboy|Points 2421|
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Asked 9/25/2012 10:18:11 AM
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The North Korean government owns all property and all economic output. Almost all imports are banned, and production of goods and services by foreign companies is forbidden. This would be an example of a free enterprise economy. true or false?
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Asked 9/21/2012 6:31:33 AM
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The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied. Please select the best answer from the choices provided true
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