When OPEC raised the price of crude oil in the 1970s,it caused the
A) United States' nonbinding price floor on gasoline to become binding.
B) United States' binding price floor on gasoline to become nonbinding.
C) United States' nonbinding price ceiling on gasoline to become binding.
D) United States' binding price ceiling on gasoline to become nonbinding.
Correct Answer:
Verified
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