This Question: 1p Suppose the figure to the right represents a local cattle market. What would be the effect on this market of the local government regulating a price coiling of $0.80 per pound? The market would have a thousand pounds. (Enter your response as a whole number) Supply 240 220- 200- 180 1.60 Price dollars per pound) 120- 100 030 050 040 020 Demand 0.00 6 10 20 30 40 50 60 70 80 90 100 110 120 Quantity pounds in 1000s)