In 1973 and 1979,the U.S.federal government imposed price ceilings on gasoline which resulted in surpluses of gasoline.

Name: In 1973 and 1979,the U.S.federal government imposed price ceilings on gasoline which resulted in surpluses of gasoline.
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The price ceilings on gasoline led to shortages, not surpluses, because the artificially low prices increased demand while discouraging supply.