TABLE 4-3 -Refer to Table 4-3. the Government Imposes a $1.20 Price

question 37

Multiple Choice

TABLE 4-3

-Refer to Table 4-3. The government imposes a $1.20 price ceiling at the same time that there is a substantial decrease in the price of sport utility vehicles. (Assume that sport utility vehicles have very high fuel consumption.) What is the expected result?

• A) The price of gasoline will equal $1.20 per litre, and a shortage of gasoline is created.
• B) The price of gasoline will equal $1.20 per litre, and the quantity demanded equals the quantity supplied.
• C) The price of gasoline will rise above $1.20 per litre, and a surplus of gasoline is created.
• D) The price of gasoline will fall below $1.20 per litre, and a shortage of gasoline is created.

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Definitions:

Blood Vessel

Tubes in the body through which blood circulates, including arteries, veins, and capillaries.

Cross-Sectional Area

The area of a particular section of an object or substance that has been cut across its width, used to determine properties like resistance and strength.

Aorta

The body's biggest artery starts from the heart's left ventricle and stretches down to the abdomen, dividing into smaller arteries there.

Arterioles

Small arteries that lead into capillary beds, playing a key role in regulating blood flow and blood pressure.