The graph above shows the market for gasoline after the government imposes a price ceiling of $3.50 a gallon. With the price ceiling in place, the amount of gas that people would want in this market would be

gallons, but the gas station owners are willing to supply only

gallons.

Price $4.50 $4.00- $3.50 300 500 550 Quantity (gallons per week) The graph above shows the market for gasoline after the government imposes a price ceiling of $3.50 a gallon. With the price ceiling in place, the amount of gas that people would want in this market would be Y gallons, but the gas station owners are willing to supply only gallons.Which of the following are likely to occur in this market? Choose one or more: O A. a black market for gasoline O B. long lines for gasoline O C. gas stations offering better-quality gasoline O D. a surplus of gasoline available