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a. Illustrate the impact in a supply and demand diagram, showing the market before and right...

a. Illustrate the impact in a supply and demand diagram, showing the market before and right after the draconian measures. Explain in words. Make sure to show what happens to prices and quantities.

b. In the same diagram, showhat happens to consumer surplus and producer surplus. Explain in words what happens to each of these and why.

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