Rosario works for a small medical practice. only three employees work in the office, so rosario is often asked to take on additional tasks when other employees are sick or on vacation. debbie, rosario's coworker, counted a total of $8,000 in medical supplies in the march 1 inventory count. on march 31, rosario filled-in for debbie and counted $3,000 of medical supplies. during the month of march, records show supplies received of $10,000 and supplies provided to patients of $2,000. rosario feels concerned that some supplies are missing.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.