Canvas Scan/Photograph & PDF Conversion for Upload Exercise
- Graphically illustrate how each of the following events, ceteris paribus, will affect the competitive market. (Start new graph for each question.)
- Your diagrams must include competitive market equilibrium and post-government intervention: prices, quantities, consumer/producer/total surpluses, and dead-weight-losses.
1. A price ceiling is imposed on gasoline.
2. A price floor in the form of corn prices.
3. Electric vehicles are subsidized on production side.
4. An excise tax is placed on cigarettes.
After completing your answers, you must scan or photograph your response(s) and convert them to a "pdf" file for upload in Canvas.
Make sure to adjust and/or scale your scan/photograph so your intended answer(s) are legible, discernible, and gradable.
Combine all pages of your response into a single file.