Price of Gasoline Maximum allowed price O Quantity of Gasoline Refer to Figure 4-5. What is occurring in the market for gasoline? O a. A price ceiling has been imposed resulting in a surplus of gasoline. O b. A price ceiling has been imposed resulting in a shortage of gasoline. O .C. A price floor has been imposed resulting in a surplus of gasoline. O d. A price floor has been imposed resulting in a shortage of gasoline