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llustrate supply and demand curves for the gasoline market. In your diagram indicate the current market clearing price for gas. b) In your diagram for

llustrate supply and demand curves for the gasoline market. In your diagram indicate the current market clearing price for gas. b) In your diagram for part (a) illustrate the proposed price ceiling. Indicate the quantity traded at the ceiling price of $2 per gallon. At $2 per gallon will there be excess supply or excess demand (or neither) for gasoline

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