1. Bell Task: Gas has risen from $3.50 to $10.00 because of war disruptions (supply) in the Middle East. Would it be a good or bad move for the govt. to impose a price ceiling of $4.00? Draw Two Diagrams:
a. One to explain the supply disruption.
b. One to explain the effect of the new price ceiling.
2. Exam Chapter 3 Review
3. HW: Exam Chapter 3 Tomorrow.
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