Ultimately, Repealing the Price Controls on Gasoline and Oil

question 126

Multiple Choice

Ultimately, repealing the price controls on gasoline and oil:

• A) led to permanently higher gasoline prices.
• B) led to a higher supply of gasoline and lower prices.
• C) was disastrous since the market collapsed due to a lack of government regulation.
• D) was not able to eliminate the shortages of gasoline in the United States.

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