Burr’s Burgers keeps its meat frozen. A hurricane cuts off electricity to Burr’s freezer. Burr will lose $3,000 in meat without electricity. Electric generators (of the type that would help Burr) usually sell at a market clearing price of $1,200. But because of the storm, the market clearing price rises to $2,000. Suppose the governor of the state outlaws “price gouging” and imposes a price ceiling of $1,200 on electric generators. Will Burr be better off because of the law?