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Related Lesson
Why Do Governments Enact Price Controls?
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Knowledge Check
Question 1 of 1
If a government decided to impose price controls on gasoline, what could it do to avoid the time wasted waiting in lines? Though there are several solutions to this problem, only one of the options below is correct.
Restrict gasoline consumption to high-value uses.
Ban lines for gasoline.
Create gasoline rations.
Ban black markets for gasoline.
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Related Courses
Course
Principles of Microeconomics
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