Listen to "Munger on Price Gouging" on EconTalk and read "They Clapped: Can Price Gouging Laws Prohibit Scarcity," by Michael Munger. Graphically illustrate using supply and demand what happens to the market for bags of ice immediately after a hurricane. [Hint: Think about both the buyers and the sellers of ice in the affected areas.] Show what happens to the quantity of ice bought and sold if price-gouging laws are enforced compared with when prices are allowed to rise. Speculate on why people seem to prefer the enforcement of price gouging laws in these cases