Visually determine the equilibrium point under user equilibrium with no tolls. (5 pts) b. Visually determine the point where we have the social optimum. (5 pts) c. Visually shade the area that shows the level of efficiency loss. (5 pts) d. Please determine the desired (social optimum) traffic flow and the toll required to shift the user (average cost) equilibrium to the social optimum. (5 pts)

what is the actual question i have no idea how to answer this w/o a question

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.