The graph below represents the market for gasoline. The price ceiling causes a shortage of. thousands of gallons of gas.
Posted: Sun May 29, 2022 8:01 pm
The graph below represents the market for gasoline. The price ceiling causes a shortage of. thousands of gallons of gas. Market for Gasoline QE=697 Price ($) Pt = $7.75 Pc = $3.50 QS=140 QD = 1200 Price Ceiling Quantity (thousands of gallons)