see attached

Assume Diagram 1 below represents a competitive market. Answer the questions based on the graph below. (30 points} Diagram 1 Price (dollars) 5 10 15 20 25 Quantity Describe the quantitative market situation at the price of $5. (10pt} b. If the government imposed a price ceiling of $3 per unit, how does this change the market situation? (10pt) c. The product represented in the graph is a gallon of regular milk. If this were soy milk instead, how do you think the demand curve in this case would change? Explain. (10pt) E\