What happens if a government imposes price controls that require a selling price that is  ABOVE the equilibrium price?   A. SHORTAGE. That shortage then puts a pressure on prices to DROP toward equilibrium.   B. SHORTAGE. That shortage then puts a pressure on prices to RISE toward equilibrium.   C. SURPLUS. That surplus then puts a pressure on prices to DROP toward equilibrium.   D. SURPLUS. That surplus then puts a pressure on prices to RISE toward equilibrium.   What happens if a government imposes price controls that require a selling price that is  BELOW the equilibrium price?   A. SHORTAGE. That shortage then puts a pressure on prices to DROP toward equilibrium.   B. SHORTAGE. That shortage then puts a pressure on prices to RISE toward equilibrium.   C. SURPLUS. That surplus then puts a pressure on prices to DROP toward equilibrium.   D. SURPLUS. That surplus then puts a pressure on prices to RISE toward equilibrium.

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Consider the market for Teslas. The price of gasoline increases and the cost of producing Tesla batteries rise. How will the market for Teslas respond? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a prices will rise and the equilibrium quantity may or may not change. b prices will rise and the equilibrium quantity will increase. C prices will rise and the equilibrium quantity will decrease. d There is not enough information to answer the question

The government is interested in imposing a tax on the local gasoline market. Using a tax modified demand, indicate in an appropriate diagram the effect of this tax on this market, labeling everything. Explain what happens to demand, supply, equilibrium price and equilibrium quantity exchanged and why. please give me correct answer with proper explanation and diagram