Most of us are dependent on crude oil in some shape or way, whether it's to power our cars or to heat our homes in some parts of the country. More than 80 percent of the home heating oil used in the United States goes to the Northeast. It is suggested that there needs to be government regulation to make it illegal to charge a very high price for oil. This type of regulation would be a
A) price ceiling.
B) price floor.
C) shortage regulation.
D) tax incidence.
Correct Answer:
Verified
Q326: The minimum wage in 2008 was $6.55
Q327: Why do rent ceilings lead to shortages
Q328: "The tax on insulin in the Philippines
Q329: "The tax on insulin in the Philippines
Q330: What are the effects of a rent
Q332: What are the major economic effects of
Q333: One of the best defenses we have
Q334: In order for a price ceiling to
Q335: "The tax on insulin in the Philippines
Q336: The federal minimum wage in 2010 was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents