The diagram below shows the supply and demand for parking permits being traded among residents of the city of Troy. Answer the following questions based on this diagram. 1st attempt Part 1(1 pt) See Hint If the city of Troy passed a law limiting the price of a parking permit to no more than $2, there would be excess demand of 13 permits. Part 2(1 pt) See Hint If the city of Troy amends its law to allow permits to be sold at a price of up to $12 each, there will be an excess demand of 3 permits