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The following graph represents the market for pints of beer in the town of Wapello. Suppose the government wants to limit beer consumption and therefore

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The following graph represents the market for pints of beer in the town of Wapello. Suppose the government wants to limit beer consumption and therefore imposes a $6 price floor on the price of a pint of beer.Which of the following describes the effect of the price floor on the market for beer? a)Beer drinkers will demand more beer at every price, which shifts the demand curve up. b)Beer producers must expend more effort to sell beer, which raises their costs and shifts the supply curve up.Use the black line (plus symbol) on the following graph to illustrate the shift in either supply or demand resulting from a $6 price floor in Wapello.

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Use the black line (plus symbol) on the following graph to illustrate the shift in either supply or demand rest (Note: In order to be graded as correct, the new curve must be drawn parallel to the original.) Wapello 10 Demand 9 New S or D Curve Co PRICE (Dollars per pint) A 3 2 0 Supply 0 2 3 8 9 10 QUANTITY (Thousands of pints)

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