(Solved): The graph below shows the short- and long-run supply (Ssr, Sir) and demand (Dsr, Dir) curves for wa ...

The graph below shows the short- and long-run supply (Ssr, Sir) and demand (Dsr, Dir) curves for water in a metropolitan water district. The price ceiling, Pceil, is currently set to be nonbinding. Adjust the ceiling by repositioning the Pceil line to a price that leads to a shortrunshortage of \( 2.1 \) million cubic feet per month, To refer to the graphing tutorial for this question type, please click here. to million cubic Over time, the short-run curves pivot to become long-run curves, and the shortage feet per month.