$1.$ Assume in a simple economic example that a binding$/$effective price floor is implemented and already in place, in a given market for some good, called "GOOD X$"$

$2.$ Next, an economic change occurs in the market. The economic change that occurs is an increase in the cost to produce, "GOOD X$"$

$3.$ Assume that this is a competitive market, what will happen to the market selling proce and the market quantity that is bought and sold in the market for "GOOD X$"$

Graph: draw and inlude the actual graph$($s$)$ related to the breif, next to the graph write out a short list of what is occurinh on the graph$($s$)$ in the breif situation

Provide the anserr to the brief question: try to make $1-2$ sentences that directly delivers the anser to the brief question

Introduction paragraph that sums the brief answer and analysis. Try to make this a $4-5$ sentence paragraph