• Graphically illustrate how each of the following events, ceteris paribus, will affect the competitive market. (Start new graph for each question.)
• Your diagrams must include competitive market equilibrium and post-government intervention: prices, quantities, consumer/producer/total surpluses, and dead-weight-losses.
  1. A price ceiling is imposed on rental apartments
  2. A price floor in form of minimum wage.
  3. Solar panels are subsidized.
  4. An excise tax is placed on sugary drinks.
  5. The economy is shut down for pandemic.