4. (a) When hurricane Katrina hits the Louisiana coastline in 2005, could the "free market deliver the much needed goods such as plywood, water, juice, etc. to the area?? Or, is the "free market" a destructive force?? Explain your answers clearly! Utilize the D/S graph accordingly. (b) Usually, when disasters (like Katrina) strike, government would come out and make it illegal for the sellers to raise the prices of these much needed goods (mentioned above). Does this help the people? Explain with a D/S graph.

4. (a) When hurricane Katrina hits the Louisiana coastline in 2005, could the "free market deliver the much needed goods such as plywood, water, juice, etc. to the area?? Or, is the "free market" a destructive force?? Explain your answers clearly! Utilize the D/S graph accordingly. (b) Usually, when disasters (like Katrina) strike, government would come out and make it illegal for the sellers to raise the prices of these much needed goods (mentioned above). Does this help the people? Explain with a D/S graph.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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