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Please read the following article: Hurricane Sandy: Supply, Demand and Appropriate Responses to the Gas Shortage by Olsen and McBride. Discuss the supply and demand

Please read the following article: Hurricane Sandy: Supply, Demand and Appropriate Responses to the Gas Shortage by Olsen and McBride.

  • Discuss the supply and demand of gasoline in the aftermath of Hurricane Sandy.
  • Do you believe the United States federal government should have set a price ceiling on a gallon of gasoline?
  • What are the advantages and disadvantages of price ceilings?

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