20) 21) 22} 23) 24) 25) 25) A price ceiling is legilatively set at $48. But, the industry is willingto supply only Q3100 at a $48. (Think of Rent Controls with a price ceiling less than the equilibrium price.) What is the area under the demand curve at (1:400? What is $48\"4DD? What is C5? What is P5? {Trick: simply type in Pdls at Q3100; reset by copying down after recording answer} DWL? TfF Producers are harmed by price ceilings (belowthe equilibrium price]. T/F C5 is exaggerated relative to P5 with price ceilings belowthe equilibrium price. 540 120 H10 EU 20 002 Demand 8: Supply 003 OOOI 002T Pd 001713 PS 00913 OBOE OUZZ