If the price of olive oil is $2, describe the situation in the olive oil market. Explain how the price adjusts. b) If the price is $6, describe the situation in the olive oil market. Explain how the price adjusts. c) What is the market equilibrium in this market? d) Which one of these prices is an example of a price ceiling? If this price ceiling is imposed by the government, what would be the consequence for this market? Explain