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Mathematics, 13.03.2020 22:49 joseestrada27

If the equilibrium price of gasoline is $4.00 per gallon and the government will not allow oil companies to charge more than $3.00 per gallon of gasoline, which of the following will happen?a) The market will be in equilibrium at a price of $3.00b)Supply must evetually decrease so that the market will come into equilibrium at the price of $3.00c)Demad must evetually decrease so that the market will come into equilibrium at the price of $3.00d)A oprice rotating system such as ration coupons must be used to ration the available supply of gasoline

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