sers/brook/Downloads/Problem%20Set%203.pdf msu touchnet Kurzweil 3000 Watch Free Full Mo... [ myTCC - Tarrant Co... ALEKS -- Assessme. myTCC - Blackboar. stering... +Page view | A Read aloud | V Draw ~ Highlight Erase problem set number (re. lewis_provI). Make sure your name Is also UT the answer document TESET as well. 1. POLICY PERSPECTIVES In the wake of Hurricane Harvey, gasoline prices doubled at many locations, with prices reaching as high as $20 per gallon. Who got gas at those prices? Should the government have put a lid on prices? If it did, who would have gotten the available gasoline? 2. In the web-tutoring market, what forces might cause a. A rightward shift of demand? b. A leftward shift of demand? c. A rightward shift of supply? A leftward shift of supply? e. An in as the equilibrium price? 3. In the first few months of the COVID-19 pandemic in the U.S., there were shortages of certain goods like toilet paper, hand sanitizer, cleaning products and some food items. Using a market model diagram, describe the process that caused these shortages. What happened to make the shortages disappear? 4. If rent controls are so counterproductive, why do cities impose them? How else might the housing problems of poor people be solved? 5. When concert tickets are priced below equilibrium, who gets them? Is this distribution of tickets fairer than a pure market distribution? Is it more efficient? Who gains or loses if all the tickers are resold (scalped) at the market-clearing price? O DELL FB F9 10 F11 F12 Priser insert