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1) Let's say that the government imposes a price ceiling on gasoline, what would be the positive effects of the price ceiling? What would be

1) Let's say that the government imposes a price ceiling on gasoline, what would be the positive effects of the price ceiling? What would be the negative effects of the price ceiling? What are some alternative possibilities to alleviating the negative effects of the imposed price ceiling?

2)There is a critical difference between a change in demand and a change in quantity demanded.

Give examples from your life of changes in demand versus a change in quantity demanded.

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