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Date: Name: Period: 10. What happens to the demand for Playstations today if people expect the price to rise in Date: the future? (You can
Date: Name: Period: 10. What happens to the demand for Playstations today if people expect the price to rise in Date: the future? (You can use the draw tool or take a picture on paper). Include the shift on the graph, the reason demand changes, and what happens to P and Q. Price D1 Figure 3.10 Draw a price floor 11. A price floor set by the government causes a on the graph below. Price PI Q1 Quantity Figure 3.10 Draw a price ceiling 12. A price ceiling set by the government cases a on the graph below. Price PI QI Figure 3.10
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