Question: On the gra ph, identify the equilibrium price and quantity using Fe and (la. Identify the consumer surplus on the graph. Identify the producer surplus

On the gra ph, identify the equilibrium price and quantity using Fe and (la. Identify the consumer surplus on the graph. Identify the producer surplus on the graph. a. Suppose the government institutes an effective price control at a price of $2.00 per taco. Is this a price floor or price ceiling? . 1Will the market experience a surplus or a shortage? What is the value of the surplus or shortage? Show the surplus or shortage on the graph

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