1.Suppose the government limits the number of medical doctors who can practice medicine in Ontario. Remembering that medical doctors have to charge the fee (price) the the Ontario Medical Association has negotiated with the Province. Draw the diagram and explain what happens.

2.If you were the government, why would you not want to legislate "rent controls" for more than a few months (as some places have done during COVID-19? How does this differ from long-term "rent-contros" legislated in the UK and Ontario (1870's)?

3.When the Raptors were in the playoffs the demand for tickets to their home games exceeded the number of available seats. Draw the diagram and explain what is likely to happen.