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The equilibrium price in the market of gasoline is $3. The government decides that this price leads to speculation and unfair profits and orders a

The equilibrium price in the market of gasoline is $3. The government decides that this price leads to speculation and unfair profits and orders a maximum price of $2.50. This price will result in

an increase in the quantity demanded.

a decrease in the quantity supplied.

a shortage in the market of gasoline.

an effective price ceiling.

all of the above.

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