The basic reason for the gas lines in 1973 and 1979 was _____.
Correct Answer:
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Q214: A decrease in supply _ price and
Q215: There is a shortage when price is
Q216: _ is the charging of "an unconscionable
Q217: If demand falls and supply falls,equilibrium price
Q218: The demand and supply curves cross at
Q220: When demand falls and supply rises,equilibrium price
Q221: If supply falls,what happens to equilibrium price
Q222: If demand rises,what happens to equilibrium price
Q223: Draw in a new supply curve,S1,on figure,showing
Q224: When quantity supplied is greater than quantity
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