Britain's new Prime Minister, Liz Truss, recently announced a price cap on energy prices for two years in anticipation of the soaring energy prices brought about by the current conflict in Ukraine. Specifically, there is a cap on how much households have to pay for heating oil.

1. Now, consider the price cap policy with different time horizons. Draw two supply and demand graphs of the price cap; one in the short run and one in the long run. Is the impact of the policy greater in the short run or in the long run?

Please draw the actual diagrams they are asking for, I'm struggling on that part.