<image 1> Suppose the government decided that, since gasoline is a necessity, its price should be legally capped at $1.30 per gallon. What do you anticipate would be the outcome in the gasoline market?
['A price below that of 1.30 dollars would cause a situation of excess demand and hence a surplus.', 'A price below that of 1.30 dollars would cause a situation of excess demand and hence a shortage.', 'Not certain.']