Will give 1.the lowest price that can be legally charged; creates surplus; appears above equilibrium price on a graph. medium of exchange profit motive price ceiling price floor 2.the highest price that can be legally charged; creates a shortage; appears below the equilibrium price on a graph. price ceiling price floor profit motive product market

delete this question pls it wont let me exit out

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .