Hello Tutors,

Please assist me with this problem.

I would like an step by step explanation and Visually if you are able to.

Let me know if there are any thing I can assist or provide you with.

Thank You and Take Care

Problem 1. 15 his Fries Ceilin Use this completely ctitious S-D table to answer the questions: "n W\" \"1'\" sedans sedans Sho11a_- - _ _ . . . . a} Complete the table with the E ofsm'pluses and shortages. Find the equilibrium price and qnanlity and calculate total revenue at lhe equilibrium. b] lISraph the Supply and Demand curves on graph paper, label mrything and use at least halfa sheet. Shade in the areas ofConsurrrer Surplus and Producer Surplus. c} Evaluate a government price ceiling at assess per electric sedan. Explain who would be helped and who would be hurt, with numbers. Show the price ceiling on the graph and connect your explanations to shaded areas on the graph. Use colors or label areas with numbers,just make it clear who benets from the policy, who is harmed and use the term deadweight loss as appropriate. :1] More generally {notjust for this problem], do price ceilings help consumers? Provide a few examples and explain how price ceilings worlr in the real world