Question

Hello can you please help me answer the questions below. thank you

Anna is separated from her boyfriend. John, while she studies economics and he goes to art school. The govemment thinks that Flash Telecommunications. Anna's phone company, needs subsidization, 30 a price floor is instituted at $16 per minute. Marked for Telephone Cals Price per minute IS! 30 Price per Minute Quantity Supplied per Month Quantity Demanded per Month $18 12 28 Use the data in the table above to draw the linear supply and demand curves and show the effect of a price floor. 1.) Using the wie drawing lool, draw Anna's demand curve and the supply curve she faces. Properly label bath lines. 2.) Using the line drawing tool draw the price floor at a price of $16. Labal the line 'Floor, 3.) Vang the povit drewg rool, indicate the quantity demanded at the price floor. Label the point 'P 4.) Using the point drawing laul, indicale the quantity supplied at the price foxar. Label the point, Quality per month Carey follow the instructions above and only draw the required ahists. The amount of the surplus is equal to the quantity supplied at a price of $16 minus the quantity demanded at $16. The aircunt of excess supply is

Answer 1

page Four Dennand 12 16 20 excess Supply gesig - 116