3.25 1.75 89 there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess + of million allons of gas. uppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.) import tariffs
3.25 1.75 89 there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess + of million allons of gas. uppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.) import tariffs
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:3.25
1.75
If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess
of
million
gallons of gas.
Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose
and the
수
would be $
million. (Include two decimal places.)
import tariffs
Please answer all parts of the question.
production subsidies
import quotas
purchasing limits
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