1. During emergencies, it is generally illegal to significantly raise prices ("price gouging"). What do you expect a binding price ceiling to do in the market for toilet paper?

2. Can you think of an example where we have imposed a price floor? What are the possible consequences of the price floor in that scenario?

Listen to the Planet Money episode: "Blood Money" for the following questions. https://www.npr.org/2021/05/14/996921658/blood-money 3. What initially went wrong with buying blood plasma internationally? Who were the victims in this exchange? 4. In what way is the United States different from most countries when it comes to blood plasma? 5. What are the main downsides of prohibiting plasma sales?

6. What is the best argument against allowing plasma sales? Do you think plasma sales should be allowed?