Question: Question 2 [5 points] During Covid, grocery stores applied rationing on certain goods which were in high demands instead of charging more. 1. Using a

Question 2 [5 points] During Covid, grocery stores applied rationing on certain goods which were in high demands instead of charging more. 1. Using a demand and supply graph, can you identifyr the dead weight loss from such practice? (you can use invented prices and quantities) 2. While reducing economic surplus, on what ground does rationing tend to be popular? After covid, you may have noticed prices going up. That is price adjustment, shelves are stocked. 1. Would rationing be ok given the scale of prices increase

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