Econ 121- Principles of Microeconomics

Week 6 Discussion: Price Ceiling on Gasoline

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A price ceiling is a price control that sets the maximum legal price that can be charged for a good. If gasoline was going to be $7 a gallon within the next few years, would you support a price ceiling on gasoline? Why or why not?

If so, what do you think the maximum price of a gallon of gas should be?

If not, how would you propose to lower gas prices?

Remember your original response should be 2-3 page and your reply to a student peer must be 2-3 page.