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mylab.pearson.com C + Course Home Homework ECN 104 - F2025 - Section 011 Noorman Hothi 11/05/25 11:06 PM 1 Homework: Homework 4 Question Completed: 52 of 60 Part 2 of 2 My score: 44.3/60 pts (73.83%) Save Minimize list The graph shows the market for good A. The equilibrium price and quantity is PM and Q, respectively. Suppose the government imposes a price control that reduces producer Price surplus. Determine the type of price control and show it on the graph. Graph Concept Question 10.1.9 Question | 0.5/1 pt The price control set by the government in this situation is a price ceiling. Using the line drawing tool, draw a price control line and label it 'Price Control'. Concept Question 10.1.10 51 Carefully follow the instructions above, and only draw the required objects. Question | 1/1 pt There is a possibility of forming a black market by the seller, if there is a price ceiling. PM Text Problem 9 52 Question | 0/1 pt x If a price floor is set below the free market equilibrium price, then the quantity demanded remains unaffected. Price Control Concept Question 10.2.1 Quantity 53 V Question | 1/1 pt Q Concept Question 10.2.2 54 Question | 0/1 pt Review Question 11 55 Question | 0/1 pt Concept Question 10.3.1 56 Question | 0/1 pt Text Problem 12 57 Question | 0/1 nt Help me solve this Etext pages Grapher Clear all Final check