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Suppose a massive snowstorm hits Michigan and Wisconsin, knocking out power. This leads to a huge shortage of generators Michigan has price-gouging laws in place,

Suppose a massive snowstorm hits Michigan and Wisconsin, knocking out power. This leads to a huge shortage of generators Michigan has price-gouging laws in place, while Wisconsin does not. Which state will recover from its generator shortage more quickly?

1-Michigan will recover more quickly because prices can adjust to make businesses willing to invest in ice production.

2-Wisconsin will recover more quickly because prices can adjust to make businesses willing to invest in ice production.

3-Wisconsin will recover more quickly because the antigouging laws create incentives to invest in ice production.

4-Michigan will recover more quickly because the antigouging laws create incentives to invest in ice production.

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