Question: f. Summarize what happened to surplus when the price ceiling was put in place. Who benefited, and who was hurt by the policy? g. Does

f. Summarize what happened to surplus when the price ceiling was put in place. Who benefited, and who was hurt by the policy? g. Does the price ceiling cause deadweight loss (DWL)? If so, find its value by calculating the change in total surplus. Label the DWL on the graph and calculate the area of the triangle. Verify that this number matches up with what you calculated above. h. What is the policy goal of a price ceiling? Based on your analysis above, was that goal achieved with this policy? How do you know? i. With that in mind, briefly describe the tradeoff the government is weighing when it implements a price ceiling. What are the benefits, and what are the downsides

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