If Price Gouging Is Prohibited by the Government So That

question 72

Multiple Choice

If price gouging is prohibited by the government so that sellers cannot suddenly raise prices,then a sudden drop in gasoline supply due to bad weather will most likely result in

• A)an equilibrium in the gasoline market.
• B)a surplus in the gasoline market.
• C)a shortage in the gasoline market.
• D)high profits for sellers.
• E)a sudden increase in the gasoline supply.

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Definitions:

Geometric Abstraction

An art movement characterized by the use of geometric forms and colors to create compositions that often have no reference to the natural world.

Japanese Architectural Style

Refers to traditional architectural principles and styles in Japan, characterized by wooden structures, elevated floors, tatami mat flooring, and sliding doors.

Minimalist Sculptors

Artists who create sculptures using minimal elements to express ideas, focusing on simplicity and essential forms.

Three-dimensionality

The quality or condition of having or seeming to have length, breadth, and depth, giving a sense of physical volume.