In the 1970s, the Government Placed Price Ceilings on Gasoline

Multiple Choice

In the 1970s, the government placed price ceilings on gasoline prices. A shortage of gasoline occurred, and long lines formed at the pumps. Some gas stations required that in addition to paying the price on the pump you had to buy a blank will. The action of having to purchase the will in order to purchase gas is known as

A) a surplus.
B) a price support.
C) the price system.
D) a black market.