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Please Answer All Questions And Explain Your Answer. Thank you. The graph below shows the market for the MTA one-way tickets during off-peak hours. 2.1.

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Please Answer All Questions And Explain Your Answer. Thank you.

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The graph below shows the market for the MTA one-way tickets during off-peak hours. 2.1. The authorities concerned with the wellbeing of the passengers, cap the price per ticket to $8. What is the effect of this policy on the market for MTA one-way off-peak tickets? Briey explain. (1 point) 2.2. The MTA administration (worried that its revenues won't cover its operating cost) successfully lobby the authorities to institute a price oor of$8. What is the effect of this policy? Briey explain. (1 point} 60i 120 180 Quantity so 160

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