Explain and diagrammatically represent how a price floor can bring about a transfer from consumers to producers. Suppose the equilibrium wage for a college athlete is $40,000, but because of NCAA...

Explain and diagrammatically represent how a price

floor can bring about a transfer from consumers to producers.

Suppose the equilibrium wage for a college athlete is

$40,000, but because of NCAA rules, the university can

offer him only $22,000 (full tuition). How might the

university administrators, coaches, or university alumni

lure the college athlete to choose their school over others?