Using the nearby graph, identify the regulated (as a perfect competitor) and unregulated price and quantity. What happens to consumer surplus as a result of moving to the regulated outcome? 
Definitions:
Poverty
The state of having insufficient financial resources or material possessions for a minimum standard of living.
Occupation
A person's principal work or business, especially as a means of earning a living; a profession or job.
Income
Monetary gain derived from work, investments, or social benefits, serving as a measure of economic well-being and resource availability for individuals or households.
Wealth
is an abundance of valuable financial assets or physical possessions, which can include income, land, and other types of property.
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