a. Please place the end points of the price floor line segment to illustrate a binding price floor in the market.

b. After the price floor is implemented, what exists?

c. Shade in the deadweight loss (DWL) that arises due to the price floor.

Consider the supply and demand model for romaine lettuce depicted in the accompanying graph. Suppose the government decides to impose a binding price floor on the market to aid farmers. a. Please place the end points of the price floor line segment to illustrate a binding price floor in the market. Market for Romaine Lettuce supply DWL Price Floor Price Demand Quantity b. After the price floor is implemented, what exists? a surplus OO a shortage both OO neither c. Shade in the deadweight loss (DWL) that arises due to the price floor