Under what conditions would the price ceiling create lines


Problem

Concerned about the political fallout from rising gas prices, suppose that the U.S. government imposes a price ceiling of $3.00 a gallon on gasoline.

Under what conditions would the price ceiling create lines at the pumps?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Under what conditions would the price ceiling create lines
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