The graph shows the price of a good compared to the quantity demanded and the quantity supplied.
A graph titled Price Controls Graph 1 has Quantity on the x-axis and price on the y-axis. Demand has a negative slope and supply has a positive slope. Points are on the demand line and the supply line at the same price. Excess supply is indicated between the 2 points. Both points are above the point of equilibrium.
On this graph, the top horizontal line represents
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The graph shows the price of a good compared to the quantity demanded and the quantity supplied.
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