In Allentown, Pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68—a 22-cent increase from the year before. Many consumers were upset by the increase. One was quoted in a local newspaper as saying, "It's crazy. The government should step in."

Suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon.

a. Using the line drawing tool, draw and label the price ceiling.

a-i. Before the price ceiling is imposed, the equilibrium price is $_____ ,

and the equilibrium quantity is _________ thousand gallons.

After the price ceiling is imposed, the equilibrium price is $______. 

The quantity demanded is _______ thousand gallons and the quantity supplied is ______________ thousand gallons.

a.-ii. Remembering that the quantity is measured in thousands, before the price ceiling is imposed, the consumer surplus is $_______ ,

and the producer surplus is $________________.

** After the price ceiling is imposed, the consumer surplus is 

$_______________ , and the producer surplus is $______________.

a.-iii. Remembering that the quantity is measured in thousands, the deadweight loss after the price ceiling is imposed is $________________

b. Will the consumer who was complaining about the increase in the price of gasoline definitely be made better off by the price ceiling?