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suppose the government of the oil-rich country saudi arabia sets the price of gasoline at $0.25 per gallon when the market price is $1.50. the saudi government's actions will: improve efficiency, because the low prices will force producers to find cheaper production methods. result in gasoline shortages, even in an oil-rich country. cause surplus of gasoline, even in an oil-rich country. ensure an equitable distribution of resources in the gasoline market.
Sagot :
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