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1.75 If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess of million gallons of gas. Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.)

1.75 If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess of million gallons of gas. Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.)

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
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If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess *blank* of *blank* million gallons of gas.

Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose *blank*, and the *blank* would be $ *blank* million. (Include two decimal places.)

 

(I answered the first part of the question, I'm just stuck on the second part of it.)

3.25 1.75 If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess of million gallons of gas. Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.) Please answer all parts of the question.
Transcribed Image Text:3.25 1.75 If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess of million gallons of gas. Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.) Please answer all parts of the question.
D 3.25 3 1.75 4. 89 2)
Transcribed Image Text:D 3.25 3 1.75 4. 89 2)
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