Please do not simply answer questions. Please provide work. Thank you.

Question 3 3 points Save Answer Consider that the market for soybeans is defined by the following demand and supply equations: Q = 200 - 10P and Qs = 20P - 100, where P is the price in dollars and Q measures the quantity in tons per quarter. The market is currently in equilibrium. (Question 3 of 6) Now consider that after much lobbying by the United Farmers Association, the government imposes a price control of $12.50 in this market, with no additional government support. Given the current market environment, what is the current market price? (report your answer at 2 decimal places)