Multiple Choice
If the equilibrium price of natural gas is $4 per thousand cubic feet and a price ceiling is imposed at $3 per thousand cubic feet, the result will be:
A) a surplus of natural gas.
B) a shortage of natural gas.
C) an accumulation of inventories of unsold gas.
D) more natural gas available than what buyers want to buy.
Correct Answer:
Verified
Correct Answer:
Verified
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