7/30/2017 4:16 PM -Refer to Situation 4-1.An Economist Would Have Most Likely Predicted

Multiple Choice

7/30/2017 4:16 PM

-Refer to Situation 4-1.An economist would have most likely predicted that once price controls were abolished in the spring of 1974,

A) the price of gasoline would decline sharply.
B) the surplus of gasoline would go away.
C) the shortage of gasoline would go away.
D) the demand for gasoline would decrease.
E) both c and d