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Before economic reforms were implemented in the countries of Eastern Europe, regulation held the price on...

Before economic reforms were implemented in the countries of Eastern Europe, regulation held the price on bread substantially below equilibrium. When reforms were implemented, prices were deregulated and the price of bread rose dramatically. As a result, the quantity of bread demanded fell and the quantity of bread supplled rose sharply. is this what is happening  in the united states with gasoline?,if so, what would be the result if the north america oil companies did not receive various federal subsidles to the supply and demand curves?

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