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In Allentown, Pennsylvania, in the summer of 2014, the average price of a gallon of gasoline
was $3.68-a 22-cent increase from the year before. Many consumers were upset by the increase.
One was quoted in a local newspaper as saying, "It's crazy. The government should step in."
Source: Sam Kennedy, "Valley Feeling Pain at the Pump," (Allentown, PA) Morning Call, June
21, 2014. Suppose the government had stepped in and imposed a price ceiling equal to old price
of $3.46 per gallon. a. Using the line drawing tool, draw and label the price ceiling. Carefully
follow the instructions above, and only draw the required object.

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In Allentown, Pennsylvania, in the summer of 2014, the average price .pdf

  • 1. In Allentown, Pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68-a 22-cent increase from the year before. Many consumers were upset by the increase. One was quoted in a local newspaper as saying, "It's crazy. The government should step in." Source: Sam Kennedy, "Valley Feeling Pain at the Pump," (Allentown, PA) Morning Call, June 21, 2014. Suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. Using the line drawing tool, draw and label the price ceiling. Carefully follow the instructions above, and only draw the required object.