Suppose the government imposes a price ceiling on gasoline. One month after the price ceiling, there is

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Suppose the government imposes a price ceiling on gasoline. One month after the price ceiling, there is a shortage of gasoline, but it is much smaller than critics of the policy had warned. Explain why the critics’ estimates might still be correct.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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