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Imagine that you are an economic adviser to the Premier of your province. You are strongly opposed to the price-gouging laws. a) Draw a graph

Imagine that you are an economic adviser to the Premier of your province. You are strongly

opposed to the price-gouging laws.

a) Draw a graph to prove to the Premier why holding prices down during a natural

disaster would be a bad policy decision.

b) Construct in words a brief explanation of your graph that explains why price

gouging laws are a bad policy.

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