If the government sets a minimum price for gasoline below the equilibrium price:
举一反三
- Suppose that the government sets a maximum price for insulin below the equilibrium price:
- If the government sets a minimum price above the equilibrium price for soybeans. which of the following statements will be correct？
- If the government imposes a maximum price for milk that is above the equilibrium price:
- 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
- A price below the equilibrium price results in ____ A: a surplus B: a further price fall C: excess supply D: a shortage