In the 1970s, the government placed price ceilings on gasoline prices. A shortage of gasoline occurred, and long lines formed at the pumps. Some gas stations required that in addition to paying the price on the pump you had to buy a blank will. The
action of having to purchase the will in order to purchase gas is known as
A) a surplus.
B) a price support.
C) the price system.
D) a black market.
Answer: D
Economics
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What will be an ideal response?
Economics
The view that the choices consumers face should be limited for their own good is known as ________
A) Keynesian theory B) institutionalist theory C) rational adaptations D) libertarian paternalism
Economics