Refer to the graph shown. The burden of the tax is borne entirely by sellers in graphs:

How do efficiency wages help increase a firm's profits?

What will be an ideal response?

When the government imposes a price ceiling on a good whose price is too high,

a. surpluses are created. b. supply will increase to meet the demand. c. rationing is not necessary. d. quantity demanded of the good will fall. e. chronic excess demand occurs.