Let's say that Esther is a politician who promises cheaper gasoline for everyone in the country if she is elected.Once she is elected,she makes gas cheaper by imposing a price ceiling that is one full dollar less than the market's equilibrium price.What would be the reaction of the sellers of gasoline and of the public to Esther's price ceiling law? Would she expect to be reelected in the long run?

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The Answer of Let's say that Esther is a politician who promises cheaper gasoline for everyone in the country if she is elected.Once she is elected,she makes gas cheaper by imposing a price ceiling that is one full dollar less than the market's equilibrium price.What would be the reaction of the sellers of gasoline and of the public to Esther's price ceiling law? Would she expect to be reelected in the long run?

Let's Say That Esther Is a Politician Who Promises Cheaper