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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.
- A price ceiling is imposed on rental apartments
- A price floor in form of minimum wage.
- Solar panels are subsidized.
- An excise tax is placed on sugary drinks.
- After completing your answers, you must scan or photograph your response(s) and convert them to a "pdf" file for upload in Canvas.
- Make sure to adjust and/or scale your scan/photograph so your intended answer(s) are legible, discernible and gradable.
- Combine all pages of your response into a single file.
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