Order the answer to: Figure 6P-1 shows a market in equilibrium. a. Draw a price

Assignment Help business economics Order the answer to: Figure 6P-1 shows a market in equilibrium. a. Draw a price

business economics

Order the answer to: Figure 6P-1 shows a market in equilibrium. a. Draw a price

Question a. Draw a price ceiling at $12. What is the amount of shortage at this price? Draw and calculate the deadweight loss.
b. Draw a price ceiling at $4. What is the amount of shortage at this price? Draw and calculate the deadweight loss.
Subject business economics
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