A. Many people advocate price ceilings to control prices for goods such as gasoline. What would be the effect of a price ceiling set at say $1.50 per gallon? Talk with a parent or someone who might remember the 1970’s and 1980’s and share with us their stories. Would you be willing to live with the side effects of such a ceiling?
B. Post a real-world question involving price ceilings which will generate potential for discussion from your peers.