Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon. select whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.1. there are many teenagers who would like to work at gas stations, but the minimum-wage law sets the hourly wage at $24.00. 2. the government prohibits gas stations from selling gasoline for more than $2.50 per gallon. 3. the government has instituted a legal minimum price of $3.40 per gallon for gasoline.

German brothels recently began offering a monthly subscription service for multiple purchasers. if you thought that the brothels' encouragement of prostitution was immoral to begin with, would you consider this pricing plan to be even more immoral? suppose a particular patron at a german brothel has the following willingness-to-pay schedule for services at the brothel, per session. session willingness to pay 1st $84 2nd $72 3rd $60 4th $48 5th $36 6th $24 suppose this consumer would not demand any more sessions, even for free. also assume that the marginal cost to the brothel, per session, is constant at $12. at a price of $78.00 per session, the number of sessions demanded by this consumer would be . at this price and quantity, consumer surplus is $ and producer surplus is $ . suppose the brothel has devised a new pricing scheme for consumers who demand more than 1 session. this pricing scheme is a subscription service, whereby consumers can pay a flat fee of $259.20 and can have up to 6 sessions total. using this subscription pricing model, this consumer would demand sessions. under this scenario, consumer surplus is $ and producer surplus is $ . (hint: for consumer surplus, consider how much total value the consumer places on all sessions, versus the total price paid.)