Price Controls on Gasoline

question 40

Multiple Choice

Price controls on gasoline

• A)increase consumer surplus.
• B)create a shortage of gasoline.
• C)create a surplus of gasoline.
• D)increase producer surplus for all producers.

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee and govern a corporation's management and major decisions.

Stockholders

Individuals or institutions that own shares of stock in a corporation, giving them ownership interests and rights to dividends.

Productivity Efficiency

measures how effectively economic inputs are converted into outputs, often assessed to improve organizational workflows, resource usage, and overall performance.

Top Managers

Senior executives responsible for the overall direction and management of an organization, making strategic decisions and setting policies.