The price controls of the early 1970s caused:
A) lead to be removed from gasoline.
B) the disappearance of the full-service gas station.(True Answer ) Correct
C) gas stations to stay open for more hours.
D) an excess supply of gasoline.
Correct Answer:
Verified
Q1: Economists call the maximum legal price a
Q2: Price ceilings create five important effects:
A)shortages, reductions
Q3: Q4: Q7: Q8: Figure: Price Ceiling Q9: A legal maximum price at which a Q9: Figure: Price Ceiling Q10: At a price ceiling of $6 per Q26: A shortage results when: 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![]()
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A) a price floor