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Illustrate using a fully labeled supply and demand graph

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Assume you are a policymaker in Washington, DC. Lobbyists for the Preschoolers of America have put pressure on their representatives to cap prices on graham crackers. You have been assigned a position on a new committee to study the impact of a price ceiling on graham crackers.

Your job is to:

Illustrate using a fully labeled supply and demand graph what such an artificial price looks like (label all the axes and any lines you put in your graph).

Reference no: EM131277602

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