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2) The table below shows the demand and supply of coats in Tutt Town. . Graph Demand and Supply on the same graph. . At

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2) The table below shows the demand and supply of coats in Tutt Town. . Graph Demand and Supply on the same graph. . At what price will the most coats be sold? Mayor Tutt wants to help the poor in the city and imposes a price ceiling of $40, what will happen? Show on the graph and explain. What happens if Mayor Tutt sets a price floor $80 to help the coat producers? Show on the graph and explain. What happens at the price of $60? Price Coats Demanded Coats Supplied $80 50 110 $70 60 90 $60 70 70 $50 80 50 $40 90 30

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