In the immediate aftermath of Hurricane Katrina, a surge in demand for drinking water caused the price of bottled water to rise above $5 per bottle. Supporters of price ceilings on bottled water after a natural disaster argue that: bottled water is inelastically supplied. the market equilibrium is more fair to low-income families. without the ceiling, the market would produce a surplus of water. the price ceiling eliminates the shortage of water.

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