To Keep the Price of Gas from Rising Quickly After

question 34

Multiple Choice

To keep the price of gas from rising quickly after Katrina, the government instituted price ceilings on the price of gasoline in some states.These price ceilings caused ______ in the gasoline market.

• A)surpluses
• B)movement of the demand curve
• C)movement along the demand curve
• D)shortages

---

Definitions:

Geographically Dispersed

Refers to individuals or groups spread out over a wide geographical area.

Digital Message

Electronic communication, such as email or text messages, used for exchanging information.

Crowd Knowledge

The collective information or wisdom gathered from a large group of people, often sourced through the internet or social media.

Collaborative Nature

The characteristic of involving two or more parties working together towards a common goal.