Homework question for 9.24 (C-Day)

Again, with sincere apologies to those of you who labored for today. Bring answers to those questions and I will look over them for a grade as promised.

For 9.24: Given the Hurricane Andrew scenario, where an increase in demand created a higher price and quantity demanded for bottled water, but a price ceiling created a shortage: what alternative steps might a government take to bring quantity supplied and quantity demanded in line at the same, pre-hurricane equilibrium price?

For E-day, Monday September 28th, read chapter 7. We should be able to knock out inflation (our discussion of it, that is) and the rest of ch6 tomorrow in class.

Excellent discussion today. Be sure to speak up, you all have good insights.