Question: You can use the same graph for both questions just please use them separately. Can you also show the affects on the graph only! Not

You can use the same graph for both questions just please use them separately. Can you also show the affects on the graph only! Not completely sure if my graphs are correct! Thank you so much

A) Suppose Market for hotel rooms is at equilibrium. 1. Determine the effects of a $90 price ceiling on quantity demanded, quantity supplied and quantity exchanged in the market. 2. Show the effects on the graph. 3. Show the deadweight loss of the price ceiling on your graph. 140 130 S 120 110 100 90 80 D 70 60 50 40 50 60 70 80 90 100 110 120 130 1. Determine the effects of a $120 price floor on quantity demanded, quantity supplied and quantity exchanged in the market. 2. Show the effects on the graph. 3. Show the deadweight loss of the price floor on your graph

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