Price 10 P1 Q1 Q Quantity Supply Demand FIGURE 2 19. Refer to Figure 2. The...

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Price 10 P1 Q1 Q Quantity Supply Demand FIGURE 2 19. Refer to Figure 2. The market for good X is in equilibrium at Po and Qo. Now suppose the government imposes a at P1. One result would be a. price ceiling; a new consumer surplus represented by areas 1 and 5 b. price floor; a deadweight loss represented by areas 5, 6, 7 and 8 c. price floor; a deadweight loss represented by areas 2, 6 and 7 d. price ceiling; a new producer surplus represented by area 3 Price 10 P1 Q1 Q Quantity Supply Demand FIGURE 2 19. Refer to Figure 2. The market for good X is in equilibrium at Po and Qo. Now suppose the government imposes a at P1. One result would be a. price ceiling; a new consumer surplus represented by areas 1 and 5 b. price floor; a deadweight loss represented by areas 5, 6, 7 and 8 c. price floor; a deadweight loss represented by areas 2, 6 and 7 d. price ceiling; a new producer surplus represented by area 3