Suppose the supply and demand schedules for cell phones are as follows: Price $2 Demand 11...

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Suppose the supply and demand schedules for cell phones are as follows: Price $2 Demand 11 Supply 1 $3 10 $4 9 $5 8 $6 7 $7 6 $8 5 $9 4 $10 3 $11 $12 2 1 10 23456700 8 9 11 The initial equilibrium price is $ and the initial equilibrium quantity is units. (Enter your responses as integers.) Find consumer surplus, producer surplus, and total surplus in the cell phone market. Consumer surplus is $. producer surplus is $, and total surplus is $[ . (Enter your responses as integers.) Suppose the government sets a maximum price (that is, a price ceiling) of $4. With the price ceiling, the new market price is $ and the new quantity traded is units. (Enter your responses as integers.) Find consumer surplus, producer surplus, and total surplus now that there is a price ceiling of $4. Consumer surplus is $. producer surplus is $. and total surplus is $ (Enter your responses as integers.) Deadweight loss is $ (Enter your response as an integer.) Now suppose instead that the government sets a minimum price (that is, a price floor) of $9. With the price floor, the new market price is $ and the new quantity traded is units. (Enter your responses as integers.) Find consumer surplus, producer surplus, and total surplus now that there is a price floor of $9. Consumer surplus is $. producer surplus is $, and total surplus is $[ (Enter your responses as integers.) Deadweight loss is $ (Enter your response as an integer.) Suppose the supply and demand schedules for cell phones are as follows: Price $2 Demand 11 Supply 1 $3 10 $4 9 $5 8 $6 7 $7 6 $8 5 $9 4 $10 3 $11 $12 2 1 10 23456700 8 9 11 The initial equilibrium price is $ and the initial equilibrium quantity is units. (Enter your responses as integers.) Find consumer surplus, producer surplus, and total surplus in the cell phone market. Consumer surplus is $. producer surplus is $, and total surplus is $[ . (Enter your responses as integers.) Suppose the government sets a maximum price (that is, a price ceiling) of $4. With the price ceiling, the new market price is $ and the new quantity traded is units. (Enter your responses as integers.) Find consumer surplus, producer surplus, and total surplus now that there is a price ceiling of $4. Consumer surplus is $. producer surplus is $. and total surplus is $ (Enter your responses as integers.) Deadweight loss is $ (Enter your response as an integer.) Now suppose instead that the government sets a minimum price (that is, a price floor) of $9. With the price floor, the new market price is $ and the new quantity traded is units. (Enter your responses as integers.) Find consumer surplus, producer surplus, and total surplus now that there is a price floor of $9. Consumer surplus is $. producer surplus is $, and total surplus is $[ (Enter your responses as integers.) Deadweight loss is $ (Enter your response as an integer.)