$540 - $510 $480 $450 $420 $390 $360 $330 $300 Price $270 $240 $210 $180 $150 $120 $90 $60 $30 $0 O 20 15 105 120 135 150 165 180 195 210 225 240 255 270 285 300 315 330 345 360 375 390 405 42 435 450 465 480 495 510 Quantity What is the Equilibrium Price? $ 270 What is the Equilibrium Quantity? 250 Suppose the government imposes a price ceiling of $470 on this good as shown in the graph. This price control will be (select from this menu) binding or effective. This price control will non-binding or not effective.$540 $510 $480 $450 $420 5390 5360 5330 $300 $2?0 $240 $210 $180 $150 $120 $90 $60 $30 $0 Price Quantity What is the Equilibrium Price? $270 3 What is the Equilibrium Quantity? 250 Suppose the government imposes a price ceiling of $470 on this good as shown in the graph. This price control will be (select from this menu) This price control will (select from this menu) v (> At the price of $470, how much are consumers willing and able to purchase? With a price ceiling of $470, how much will actually be bought and sold in the market? J (select from this menu) A price ceiling of $470 will all consumers who want to purchase the good This price ceiling of $470 will make only those consumers who are still able to buy the good at $470 l better off, all producers who want to sell the good onl those roducers who are still able to sell the ood at 470 This price ceiling of $470 will make y p g $ everyone in the market WOFSB Off- no one in the market only the government