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Graph each of the following: Price Ceiling, Price Floor, Excise Tax, Subsidy, Quantity Restriction, and 3rd Party Payer System. For each graph, what happens to

Graph each of the following:

Price Ceiling, Price Floor, Excise Tax, Subsidy, Quantity Restriction, and 3rd Party Payer System.

For each graph, what happens to the following values compared to equilibrium?

Quantity Produced

Quantity Demanded

Quantity Sold

Price paid by consumer (after tax/ subsidy)

Price earned by the producer (after tax/ subsidy)

Does the market reach a new equilibrium?

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