9 The market price for a good is $120. The government dictates a price of $70. Draw a supply and demand diagram in which the dictated price increases total consumers’

surplus. Draw another supply and demand diagram in which the dictated price decreases total consumers’ surplus. Draw a third supply and demand diagram in which the dictated price increases total producers’ surplus. Draw a fourth supply and demand diagram in which the dictated price decreases total producers’ surplus. Actually, you should draw only three of the four above described diagrams since drawing one of them is impossible.