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Graphically illustrate how each of the following events, ceteris paribus , will affect the competitive market. (Start new graph for each question.) Your diagrams must

  • 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.

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