Why do you think full-service gas stations have largely disappeared across the United States?
A) because the government has issued a ban on such gas stations
B) because of price controls on gasoline that were issued in 1973
C) because consumers demanded that they should be allowed to pump gas themselves
D) None of the answers are correct.
Correct Answer:
Verified
Q50: When a price ceiling is in effect:
A)
Q51: How can sellers increase profits when they
Q52: If a seller facing excess demand is
Q53: In situations of excess demand, sellers might
Q54: Price ceilings set by the government:
A) are
Q56: Typical of price ceilings, the ancient Indian
Q57: The price controls of the early 1970s
Q58: Which observation would be consistent with the
Q59: If prices are not allowed to rise
Q60: Use the following to answer questions:
Figure: Effects
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