The equilibrium price of an apple is 25￠. The government sets a price ceiling of 15￠ per apple, and requires sellers to provide as many apples as buyers want to buy at that price. Draw a graph to illustrate the price ceiling and answer the following questions in terms of areas on your graph:

a. What areas would you measure to determine whether sellers continue selling apples in the short run? (To answer this, you can assume that all sellers are identical.)

b. If sellers continue selling apples, what area represents the deadweight loss and why?

c. If sellers don't continue selling apples, what area represents the deadweight loss and why?