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What is an effect of the government instituting a price ceiling of 2.00 a gallon on gasoline?
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What is an effect of the government instituting a price of ceiling of 2.00 a gallon of gasoline?
Quantity demanded will be more than the quantity supplied.
What does gasoline effect?
Pollution.
What is the likely effect of this high demand on gasoline prices?
The Price of the gasoline with increase : D
What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?
"What effect will a price ceiling imposed by the goveenment have on the supply of farms producing wheat?"
What is one effect of price ceiling?
shortage of supply
What is one effect of a price ceiling?
A shortage of supply
Does someone have a sample letter for instituting storage fees?
A sample of what you can write in a letter for instituting storage fees is how much will be charged. You should also disclose when these fees will go into effect. It is important to give users time to remove their items if they choose not to stay and pay these fees.
What effect does baking soda have on fire?
its like gasoline
What is a false ceiling?
any ceiling that is suspended below the original ceiling usually to conceal an ugly, or too high ceiling or to install flourescents with translucent panels to give the effect of the entire ceiling being lit up. lots of reasons and methods but basically is just a 2nd ceiling concealing the original.
Which statement most accurately explains the effect pf competition among local gas stations on the price of gasoline?
The demand for gasoline will decrease. The price of gasoline will decrease. The supply of gasoline will increase. The price of gasoline will increase.
A scientist wants to determine the effect of a new type of gasoline. He fills one car with normal gasoline and another identical car with the new gasoline. Which is the control group?
the car with the normal gasoline
When the government intervenes in the market by imposing price ceilings and price floors what occurs?
Price ceiling are maximum price for a particular good or service, usually by the government. If price ceiling is placed below an equilibrium price (set by the supply and demand of the market) there is a shortage since suppliers are not as willing to supply the goods while the consumers are willing to purchase more of the product. However, if the price ceiling is placed above an equilibrium price, it is considered non-binding and has no practical effect. Price floor works opposite of price ceiling and is a minimum price for a particular good or service. If price floor is placed above an equilibrium price there is a surplus. However, if the price ceiling is placed below an equilibrium price, it is considered non-binding and has no practical effect.
