Compared to Canada,what caused the shortage of gasoline in the United States in the 1970s
A) a sharp increase in the demand for gasoline needed for the Vietnam war
B) government regulation in the form of a price ceiling
C) an indifference among U.S.consumers toward conservation
D) the lack of alternative sources of crude oil
Correct Answer:
Verified
Q48: With a binding price floor,what will the
Q49: How is rent control best characterized
A)as a
Q50: Under rent control,what can tenants expect
A)lower rent
Q51: Which of the following is a result
Q52: Over time,what happens to housing shortages caused
Q54: When is a price floor NOT binding
A)when
Q55: What is NOT a mechanism of rationing
Q56: Why are apartment owners less responsive to
Q57: When OPEC raised the price of crude
Q58: Figure 6-5
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