This Chart represents the supply and demand for milk in a certain country right now.

Part 1: Right Now, what is the price of Milk in Dollars per liter? How can you tell?

Part 2: A politician promises that if elected he will pass a law to limit the price of milk to $1.30 a liter with stiff criminal penalties for anyone who sells milk at a higher price. If he wins and passes the law, what would you expect to happen? Please mark the graph to illustrate your conclusion. Please say what your line is and give some approximate numbers.

Question 1: Supply, Demand and Government Interference This Chart represents the supply and demand for milk in a certain country right now. $2.00 Supply and Demand for Milk $1.90 $1.80 $1.70 Price per Liter $1.60 $1.50 $1.40 $1.30 $1.20 $1.10 $1.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 Quantity ( Millions of Liters) - Demand Supply You can move this line to mark the graph, or if you have a stylus, draw your own line. Part 1: Right Now, what is the price of Milk in Dollars per liter? How can you tell? Type your answer and explanation here: Part 2: A politician promises that if elected he will pass a law to limit the price of milk to $1.30 a liter with stiff criminal penalties for anyone who sells milk at a higher price. If he wins and passes the law, what would you expect to happen? Please mark the graph to illustrate your conclusion. Please say what your line is and give some approximate numbers. Type your answer and explanation here