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Topic tags: PBE & PBG units

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What is it? The Secretary of Energy asks his policy group to help plan to implement price-control legislation. Explaining how this may affect a free market, the policy group must balance the needs of various groups of consumers with the need to provide suppliers' incentives. Topics include supply and demand, equilibrium price and quantity, black market, price ceiling and price control, shortage, scarcity, and tradeoff.