Explain the effects of the price ceiling in economics give only two points?

What is an example of a price ceiling and a price floor. Provide an example which can apply to the Market

The following graph depicts a market where a tax has been imposed. Pe was the equilibrium price before the tax was imposed, and Qe was the equilibrium quantity. After the tax, PC is the price that consumers pay, and PS is the price that producers receive. QT units are sold after the tax is imposed. NOTE: The areas B and C are rectangles that are divided by the supply curve ST. Include both sections of those rectangles when choosing your answers. What is the amount of the tax, as measured along the y axis?     PC + PS     Pe – PS     PC – PS     PC – P*     Pe + PS

For a price ceiling to be binding, it must be set Choose one: A. below the equilibrium price. B. either above or below the equilibrium price. C. above the equilibrium price. D. at the equilibrium price.