The U.S. Senate passes a bill stipulating that there should be a guaranteed minimum price for natural gas. The thinking behind the bill is that if private firms had a guaranteed price for their natural gas, they would be more willing to drill for more gas. A. Using a demand and supply diagram, demonstrate the effect of this policy on the price, quantity demanded, and quantity supplied of natural gas. B. What are some of the likely unintended consequences in the market

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