Multiple Choice
Price controls on gasoline:
A) increase consumer surplus for all consumers.
B) create a shortage of gasoline.
C) create a surplus of gasoline.
D) increase producer surplus for all producers.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: Assume the market for pencils is competitive,
Q6: The demand and supply curves in the
Q7: Assume the demand function for scooters is
Q8: Faith and Hope are 30 year old
Q9: According to Ronald Coase, allocation of resources
Q13: Suppose Sam and Kevin can produce pens
Q14: The demand and supply curves in the
Q15: Based on the following diagram if there
Q23: What are externalities and why is Ronald
Q43: Consumer surplus is<br>A)the result of a shortage.<br>B)the