Price Controls and Natural Gas Shortages Data for 1975 Po=s8/b Equilibrium PG=$2/mcf and Q=20 Tcf a Price ceiling set at $1 a This information can be seen graphically Chapter Slide 13Chapter 9 Slide 13 ◼ PO = $8/b ◼ Equilibrium PG = $2/mcf and Q = 20 Tcf ◼ Price ceiling set at $1 ◼ This information can be seen graphically: Price Controls and Natural Gas Shortages Data for 1975