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The figure below shows a market In equilibrium. OWL Price (31 10- Caling Quantity rusof B. Drew a price celling at $12. Instructions: Use the

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The figure below shows a market In equilibrium. OWL Price (31 10- Caling Quantity rusof B. Drew a price celling at $12. Instructions: Use the tool provided (Ceiling ) to drew the price calling- The amount of shortage at this price Is The deadweight loss : $ b. Draw a price ceiling at $4. Instructions: Use the tool provided (Ceilings) to draw the price calling- The amount of shortage at this price Is Draw the deadweight loss associated with this price ceiling. Instructions: Use the tool provided (DWL] to draw the deadweight loss for a price caling of $4. The deadweight loss I: $

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