Graphically illustrate how each of the following events, ceteris paribus, will affect the competitive market. (Start...

Graphically illustrate how each of the following events, ceteris paribus, will affect the competitive market. (Start new graph for each question.)
Your diagrams must include competitive market equilibrium and post-government intervention: prices, quantities, consumer/producer/total surpluses, and dead-weight-losses.
1. A price ceiling is imposed on rental apartments
2. A price floor in form of minimum wage.
3. Solar panels are subsidized.
4. An excise tax is placed on sugary drinks.

Expert Solution

Rahul Sunny answered 2 years ago

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