Price ($ US) SUPPLY 200 150 A 100 70 C 60 30 DEMAND 25 30 50 70 85 Quantity (Units) Use the above graph to answer the following questions. 1) Assume that line (A) is a price ceiling. How much (if any) shortage would result from this ceiling? (3 points) 2) Assume that line (C) is a price ceiling. At the price ceiling how many units will consumers want? (3 points) How many units will suppliers provide? (3 points) 3) On the graph, shade in the Dead Weight Loss that results from the binding price ceiling. (4 point) 4) If the market above was for apartments, make a list of those (negative) things that might occur as a result of the imposed ceiling. (list at least 3 things for full credit) (5 points)