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Figure: Understanding Price Ceilings and Floors
-(Figure: Understanding Price Ceilings and Floors)In the graph,a price of $75 would allow for an effective price ceiling.

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Figure: Understanding Price Ceilings and Floors 
-(Figure: Understanding Price Ceilings and Floors)In the graph,a price of $75 would allow for an effective price ceiling.

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In the graph, there is a horizontal line drawn at a price of $100, which represents the price ceiling. Any price below $100 would not be affected by the price ceiling, so a price of $75 would not be an effective price ceiling.

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