If Price Gouging Is Prohibited by the Government So That

Multiple Choice

If price gouging is prohibited by the government so that sellers cannot suddenly raise prices, then a sudden drop in gasoline supply due to bad weather will most likely result in

A) an equilibrium in the gasoline market.
B) a surplus in the gasoline market.
C) a shortage in the gasoline market.
D) a sudden increase in the quantity demanded of gaslone.
E) a sudden decrease in gasoline prices.