Question: Please answer 3a. And 3b. Please label everything clearly. thank you 3a. In the same market, assume a price ceiling of Pc = $23. With

Please answer 3a. And 3b. Please label everything clearly. thank you

3a. In the same market, assume a price ceiling of Pc = $23. With this price ceiling, nd the new CS, PS, and DWL. Big hint: Draw a graph again. Pay close attention to the actual number of goods traded at this new (non-equilibrium) price. Label this value on your graph. After you nd the number of goods traded, you can find the height of the demand curve at this quantity. Label this value on your graph as well. Label the areas of CS, PS, and DWL. Label everything clearly. (2 points) Do NOT upload this document! Have yourfinal homework submission done on the single-page turn-in sheet! 3]). Show your work below for how you found the values you labeled on the graph. The actual number of goods traded at this price ceiling (0.5 points)

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