Efficiency table 1: Supply and Demand for Sandwiches Draw the supply and demand

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Efficiency table 1: Supply and Demand for Sandwiches Draw the supply and demand balance for the sandwich market and highlight the equilibrium price and equilibrium quantity Shade in and label the consumer surplus and the producer surplus at the competitive equilibrium Now assume the government introduces a law that says sandwiches have to cost 6 SAR. Given the price of 6 SAR is there a shortage or a surplus in the market and how big is the shortage or surplus if it exists? Shade in and label the consumer surplus and the producer surplus in the market with the price ceiling of 6 SAR Compare the consumer surplus and producer surplus before and after the price ceiling and highlight if there is any loss As a result of the price ceiling, who are the winners and who are the losers in this market?

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Efficiency table 1: Supply and Demand for Sandwiches Draw the supply and demand

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