PLEASE ANSWER ALL QUESTIONS ASAP WILL GIVE 5 STAr

Any price above P2 results in a(n) Fig: shortage. surplus. equilibrium. increase in demand. Using Figure 1, which is a binding price ceiling for this market? Any price above P1 or below P2. Only price P2 Any price below P2 Any price above P2 Question 6 2 pt Using Figure 1, suppose this is the labor market and the price is the wage rate. The government sets the wage rate at P1. What is one result of this policy? There will be excess supply equal to (q4 - q2) There will be excess demand equal to (q4-q2) There will be excess supply equal to (q4 - q1) There will be excess demand equal to (q4 - q1)