Question: Question 8 10 pts Topic: Price Ceiling Suppose demand for a product is given by the equation Q=24-p and supply for the product is given

Question 8 10 pts Topic: Price Ceiling Suppose demand for a

Question 8 10 pts Topic: Price Ceiling Suppose demand for a product is given by the equation Q=24-p and supply for the product is given by the equation Q=3p Suppose the government sets a price ceiling at $4 for this product. Compute the consumer surplus that results from this policy. (Enter your answer to an integer. For "87", you would write 87)

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