Consider the following graph for Hot Dogs Market. What are the factors which can shift demand curve (upward and downward) for Hot Dogs? Answer: What are the factors which can shift supply curve (upward and downward) for Hot Dogs? Answer: If the government fix "price floor" of $5.0 in the above market, what will be the impact on market? Answer: If the government fixes "price ceiling" of $1.0 in the above market, what will be the impact on market? Answer: If the government fix "price floor" of $2.0 in the above market, what will be the impact on market? Answer: If there is shortage in the economy, how the market will recover equilibrium level? Answer: If the market produces 100 hot dogs due to high taxed imposed on market, how much will be the DWL? Calculate. Answer: If the demand curve moves upward and supply curve moves downward, what will be the impact on price and quantity