Price Controls:   A.  were imposed on gasoline by the Trump Administration    B.   were imposed by the Nixon Administration when world oil prices increased   C.   resulted in shortages of gasoline during the Bush Administration   D. can be used to end a cartel   E. are an effective tool to eliminate shortages

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Price Controls:

  A.

 were imposed on gasoline by the Trump Administration 

  B.

  were imposed by the Nixon Administration when world oil prices increased

  C.

  resulted in shortages of gasoline during the Bush Administration

  D.

can be used to end a cartel

  E.

are an effective tool to eliminate shortages

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