If the equlibrium price of gasoline is $1.00 per gallon and the government places a price ceiling on gasoline of $1.50 per gallon, the result will be a shortage of gasoline
举一反三
- If the government sets a minimum price for gasoline below the equilibrium price:
- How much per gallon is this _______?
- A 10 percent increase in gasoline prices reduces gasoline consumption by about
- Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a_______. A: shortage to exist and the market price of roses to increase. B: shortage to exist and the market price of roses to decrease. C: surplus to exist and the market price of roses to increase. D: surplus to exist and the market price of roses to decrease.
- The annual gasoline shipment is 400,000 tons, with an annual recovery rate of 0.8‰ and recycled gasoline ( )tons.