1.75 If there's a price-gouging law in effect preventing gas stations from raising prices, then there will be an excess of million gallons of gas. Suppose the government wants to alleviate the market imbalance. The best policy solution is to impose and the would be $ million. (Include two decimal places.)

Need help with this, I did something please check it and let me know if its good. Also for the empty spots here are the possible answers, you must choose only one of them:   Consider the previous graph. Suppose that the price of a sedan increases from $20,000 to $25,000. This would cause thequantity supplied_____________(Choose one of these: quantity supplied or supply) of sedans to increase, which is reflected on the graph by amovement along_________(Choose one of these: movement along or shift of) the supply curve.   Suppose the workers' union accepts a pay cut. This causes a___________(Choose one of these: rightward shift of, leftward shift of, leftward movement along or rightward movement along) the supply curve because the pay cut makes cars____________(Choose one of these: safer, more expensive to build, less expensive to build, or more fashionable)   .

"In light of the concept of 'supply and demand,' explain how a significant increase in the minimum wage might impact employment levels and product prices in a competitive market. Consider both short- term and long-term effects, and discuss any potential differences in impact across various sectors of the economy."

Please refer to the image below and answer the question 11. The answer is already provided.

Note: This is an economics question. *How can you use supply and demand to analyze shortage issues and policy responses to them? *Explain

Suppose the current price of a good is $125. At this price, the quantity supplied is 150 units, and the quantity demanded is 110 units. For every $1 decrease in price, the quantity supplied decreases by 5 units and the quantity demanded increases by 3 units. At the current price, the quantity demanded is _____  than the quantity supplied. This means that the market is currently experiencing a ______  . In order to adjust, the market price will ______   until the quantity demanded and quantity supplied are equal. The result is an equilibrium quantity of ________   and an equilibrium price of _______   .

Lesson 10 Question 9

I just need question d. Thanks.