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Suppose that the equilibrium price of a gallon of gas is $3.75 per gallon. The government decides to place a price ceiling on gasoline and will not allow sellers to charge more than $4.00 per gallon. Draw this situation using a graph. Make sure that you show the original equilibrium and the effect of the price ceiling on the market. What will happen in this market?
Prejudice
A preconceived opinion that is not based on reason or actual experience, often directed towards people or groups.
Jane Elliott
An educator known for her "Blue eyes/Brown eyes" exercise, highlighting the impacts of discrimination and racism.
Equal in Status
Describes a condition wherein individuals or groups possess the same standing, rights, or value within a particular context.
Divergent Group Goals
refer to when different groups or teams have objectives that contradict or do not align with each other.
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