Question: I just need help with STEP G and if it's any help the og consumer surplus is 312.5. I'll rate you as soon as you

 I just need help with STEP G and if it's any

I just need help with STEP G and if it's any help the og consumer surplus is 312.5. I'll rate you as soon as you complete the question thank you so much :))

help the og consumer surplus is 312.5. I'll rate you as soon

Suppose the market for donuts is a perfectly competitive market. The market demand for donuts is given P = 11 -- Qp. The market supply of donuts is given by P = 1 + = Qs. a. Graph the supply and demand of donuts (that is, graph the competitive market for donuts). b. Calculate and label the equilibrium quantity and price of donuts. c. Calculate consumer surplus. d. Now suppose a price ceiling of $4 is imposed for donuts. (Perhaps the government cares about the affordability of donuts!). Graph the price ceiling. Is it effective? e. Label and calculate the new quantity of donuts supplied and the new quantity of donuts demanded at th price ceiling. f. Is there a shortage or surplus of donuts? If so, calculate and label the shortage or surplus of donuts. g. Calculate and label the new consumer surplus after the price ceiling. How has it changed relative to part (c)

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