Refer to the accompanying figure to answer the next three questions. Price P2 37,500 50,000 68,000 68,000 100,000 Quantity The market is currently at market equilibrium. If a binding price ceiling of P1 is imposed, by how much would the quantity supplied change? O It would increase by 32,000 units. O It would decrease by 30,000 units. O It would decrease by 30,500 units. O It would decrease by 18,000 units. It would decrease by 32,000 units. P.

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