Thursday, 20 August 2015

Suppose there is a run on gasoline that causes the shift you found in the previous question

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Suppose there is a run on gasoline that causes the shift you found in the previous question. If prices were fixed at the original equilibrium price, there would be a ______ of _______ gallons of gasoline.

A. Surplus; 1 million
B. Shortage; 2 million
C. Shortage; 1 million
D. Surplus; 2 millio
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