Exhibit 5-8 Refer to Exhibit 5-8.The graph portrays the market for gasoline for which a ____ has been imposed,and,as a result,a ____ of gasoline occurs.
A) price floor; surplus
B) price ceiling; shortage
C) price ceiling; surplus
D) price floor; shortage

Question

Exhibit 5-8  Refer to Exhibit 5-8.The graph portrays the market for gasoline for which a ____ has been imposed,and,as a result,a ____ of gasoline occurs.
A) price floor; surplus 
B) price ceiling; shortage 
C) price ceiling; surplus 
D) price floor; shortage

Quizplus · Accepted Answer

The Answer of Exhibit 5-8  Refer to Exhibit 5-8.The graph portrays the market for gasoline for which a ____ has been imposed,and,as a result,a ____ of gasoline occurs.
A) price floor; surplus 
B) price ceiling; shortage 
C) price ceiling; surplus 
D) price floor; shortage