Price $.075 $1.50 $2.25 $3.00 $3.75 $4.50 $5.25 Qd (Gas) 65 60 55 50 45 40 35 Qs (Gas) 5 15 25 35 45 55 65 f. As a resu

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Price 075 1 50 2 25 3 00 3 75 4 50 5 25 Qd Gas 65 60 55 50 45 40 35 Qs Gas 5 15 25 35 45 55 65 F As A Resu 1 (54.8 KiB) Viewed 12 times

Price 075 1 50 2 25 3 00 3 75 4 50 5 25 Qd Gas 65 60 55 50 45 40 35 Qs Gas 5 15 25 35 45 55 65 F As A Resu 2 (30.22 KiB) Viewed 12 times

Price $.075 $1.50 $2.25 $3.00 $3.75 $4.50 $5.25 Qd (Gas) 65 60 55 50 45 40 35 Qs (Gas) 5 15 25 35 45 55 65
f. As a result of the events in (b), one of the parties is severely affected. Therefore, the government Where would steps in and fixes the price in order to assist the affected party. This is called a you draw this on your graph? (2 points) g. The effect of this government policy is a h. As a result, consumer surplus . (1 point) producer surplus occurring due to the price control. (3 points) --- and now there is a i. What two mechanisms may the government implement in order to reduce the effects of its policy in (f)? (2 points)