Question
The price of a good jumps from $3.00/gal to $6.00/gal in 2 years. What could have happened to explain this? (Check all that could possibly
The price of a good jumps from $3.00/gal to $6.00/gal in 2 years. What could have happened to explain this? (Check all that could possibly apply)
A. demand increased
B. demand decreased
C. supply increased
D. supply decreased
E. A price ceiling was implemented
F. A price floor was implemented
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
