Question: please provide explanation , handwritten solution not required , correct answer instant upvote. 2) The graph below shows market for gasoline, in which the government

please provide explanation , handwritten solution not required , correct answer instant upvote.

please provide explanation , handwritten solution not required , correct answer instant

2) The graph below shows market for gasoline, in which the government imposes a price ceiling (Pmax). To answer the questions below, write down letter(s) ONLY that you think correspond to the correct areas of CS, PS, etc. You do NOT need to calculate anything. S A C P E B D D Q Figure 1. Demand and Supply in the Gasoline Market a. Which area(s) show(s) CS at market equilibrium price? Answer: (1.5 points) b. Which area(s) show(s) PS at market equilibrium price? Answer: (1.5 points) c. Which area(s) show(s) TS at market equilibrium price? Answer: (1.5 points) d. Which area(s) show(s) total net benefit to the society when price is at market equilibrium level? Answer: (1.5 points) e. What is DW equal to when price is at market equilibrium level? Answer: (1.5 points)

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