Exhibit 7-12 
-Refer to Exhibit 7-12. When the price floor is implemented, the price changes to ____ and the output bought by consumers changes to ____.
Definitions:
Drawer
In banking and finance, the person who writes or issues a check or draft, instructing the bank to pay a specified amount to the person or entity named.
Contractual Capacity
The legal ability to enter into a binding contract, typically requiring parties to be of a certain age and sound mind.
Negotiation
The process whereby two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.
Forgery
The act of falsely making or altering a document with the intent to deceive or defraud.
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