Warm-Up Sheet ona Dresse Name: Kenna Dressel Unit/Topic: Unit 2 Dates : Aug. 30 - Sept. 10 Date: August 30 Response: Question/Task: what doyou think 2 would happen set an artificial price for gas that was lower than the equilibrium price ? * ( slides 8$9) m Date: August 31 Response: Question/Task: If supply and demand were to increase at the same time, what would happen to price ? ( supply and demand Graphing practice ) Date: Sept 2 Response: Question/Task: What's the difference Price ceiling is a government regulation that establishes an between a price ceiling artificial maximumprice that is lower than market equilibrium and a price floor ? for a particular good or service. Price floor is a government regulation unit 2 exam multiput that establishes an artificial minimum level for prices that is choice ) higher than market equilibrium. Date: Sept 3 Response: Question/Task: Where is the leves of production that a buisness owner maximizes profit? (unit a written exam )