(Figure: Price Control in the Market for Gasoline) Use Figure: Price Control in the Market for Gasoline. Dramatic increases in the price of gasoline have led the government to impose a price ceiling. One effective price ceiling would be the price indicated at point _____, creating a _____ equal to the difference between points _____.
A)b; surplus; f and e
B)b; shortage; f and e
C)d; shortage; i and h
D)d; surplus; e and h

Question

(Figure: Price Control in the Market for Gasoline) Use Figure: Price Control in the Market for Gasoline. Dramatic increases in the price of gasoline have led the government to impose a price ceiling. One effective price ceiling would be the price indicated at point _____, creating a _____ equal to the difference between points _____. 
A)b; surplus; f and e 
B)b; shortage; f and e 
C)d; shortage; i and h 
D)d; surplus; e and h

Quizplus · Accepted Answer

The Answer of (Figure: Price Control in the Market for Gasoline) Use Figure: Price Control in the Market for Gasoline. Dramatic increases in the price of gasoline have led the government to impose a price ceiling. One effective price ceiling would be the price indicated at point _____, creating a _____ equal to the difference between points _____. 
A)b; surplus; f and e 
B)b; shortage; f and e 
C)d; shortage; i and h 
D)d; surplus; e and h