Typed answer 100℅ Accur PriceSupply & Demand for Chocolate Bars$2.00-$1.60-$1.20tik200300 400 500 600Quantity50.80-$0.40-S10014. (1)Assuming D1 for the Demand Curve and S for Supply Curve. Ifthe Government establishes a price ceiling on chocolate bars at $1.20,then.a. The market would produce the quantity of 300experience a (shortage/surplus/neither) in the amount ofg.h. Consumer Surplus =i. Potential Loss from Searching =b. Maximum Black-Market Price =Consumer Surplus =Producer Surplus =Potential Loss from Searching =C.d.e.(shortage/surplus/neither) in the amount ofMaximum Black-Market Price =(II) The Government maintains the price ceiling when the medical research was released stating a chocolate bar a daykeeps the doctor away. the new demand curve will be D2.f. The market would now produce the quantity ofand experience achocolate bars.& DWL =& Producer Surplus =& DWL =; and

It is given that D1 is the demand for chocolates and S is the supply for chocolates. The government…

Price # 100 200 300 400 Supply & Demand for Chocolate Bars $2.00- $1.60 $1.20 $0.80- $0.40- Quantity 500 S 600 14. (1)Assuming D1 for the Demand Curve and S for Supply Curve. If the Government establishes a price ceiling on chocolate bars at $1.20, then. The market would produce the quantity of 300 experience a (shortage/surplus/neither) in the amount of a. b. C. d. e. Maximum Black-Market Price = Consumer Surplus = Producer Surplus = Potential Loss from Searching = chocolate & DWL = (II) The Government maintains the price ceiling when the medical research was released stating a chocolate bar a day keeps the doctor away. the new demand curve will be D2. f. The market would now produce the quantity of and experience a (shortage/surplus/neither) in the amount of g. Maximum Black-Market Price = h. Consumer Surplus = i. Potential Loss from Searching = & Producer Surplus = & DWL = ; and