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FIGURE 4-5 -Refer to Figure 4-5. What Is Occurring in the Market

Question 115

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FIGURE 4-5
FIGURE 4-5 -Refer to Figure 4-5. What is occurring in the market for gasoline? A) A price ceiling has been imposed resulting in a surplus of gasoline. B) A price floor has been imposed resulting in a shortage of gasoline. C) A price floor has been imposed resulting in a surplus of gasoline. D) A price ceiling has been imposed resulting in a shortage of gasoline.
-Refer to Figure 4-5. What is occurring in the market for gasoline?


A) A price ceiling has been imposed resulting in a surplus of gasoline.
B) A price floor has been imposed resulting in a shortage of gasoline.
C) A price floor has been imposed resulting in a surplus of gasoline.
D) A price ceiling has been imposed resulting in a shortage of gasoline.

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