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If prices were free to adjust they would increase you are

A price ceiling would create a shortage of gasoline, as you correctly explained. If prices were free to adjust, they would increase, you are right. However, since there is a price ceiling, prices would not be able to increase.

What do you think would happen in such a situation?

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Business Management: If prices were free to adjust they would increase you are

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Business Management: If prices were free to adjust they would increase you are

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