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In 1938, the Natural Gas Act was passed. Price controls were imposed on natural gas shipped across state lines. Explain how the price ceilings contribute

In 1938, the Natural Gas Act was passed. Price controls were imposed on natural gas

shipped across state lines. Explain how the price ceilings contribute to the natural gas shortage

occurred in 1974 - 1975. Use graphs to show its effects on consumer and producer surplus.

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