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See Hint The graph below shows the short- and long-run supply (Ssr, Sir) and demand (Dsr, Dir) curves for water in a metropolitan water district.

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See Hint The graph below shows the short- and long-run supply (Ssr, Sir) and demand (Dsr, Dir) curves for water in a metropolitan water district. The price ceiling, Pceil, is currently set to be nonbinding. Adjust the ceiling by repositioning the Pceil line to a price that leads to a short- run shortage of 2.1 million cubic feet per month. To refer to the graphing tutorial for this question type, please click here. Price ($ per 100 cubic Pcell 4042 Quantity (100,000 cubic feet per month) See Hint Part 2 (2 points) Over time, the short-run curves pivot to become long-run curves, and the shortage to million cubic feet per month

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