Question: Need typed answer and don't copy answer from other websites Need correct answer.other wise leave it thanku Suppose that the demand curve for wheat is

Need typed answer and don't copy answer from other websites Need correct answer.other wise leave it thanku

Need typed answer and don't copy answer from other websites Need correct

Suppose that the demand curve for wheat is Q = 100 - 10p and the supply curve is Q = 10p. The government imposes a price ceiling of 6 = $3 per unit. a. How do the equilibrium price and quantity change? (round quantities to the nearest integer and round prices to the nearest penny) The equilibrium quantity without the price ceiling is 50 and the price without the price ceiling is $ 5 . The equilibrium quantity with the price ceiling is 30 . b. What effect does this ceiiing have on consumer surplus, producer surplus, and deadweight loss? The change in consumer surplus (CS) is $D (round your answerto the nearest penny). The change in producer surplus (P8) is $|:| (round your answer to the nearest penny}. The deadweight loss (DWL) is $D (round your answer to the nearest penny)

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