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Can someone please draw the actual diagram for me? I'm having trouble with those and the welfare table . Question 2: Britain's new Prime Minister,

Can someone please draw the actual diagram for me? I'm having trouble with those and the welfare table .

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Question 2: 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. (a) Drawa supply and demand diagram of the British market for heating oil with the implementation of the price cap, assuming the price cap works as a standard price ceiling. And explain what happens to the market (supply, demand, equilibrium quantity and price) after the price cap is imposed. Label all areas to be used with the welfare table in part (b). (15 pts)

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