Question: step by step please! The weekly demand and supply for corn is given by the following equations where P is the price (in cents) per

step by step please!

step by step please! The weekly demand and supply for corn is

The weekly demand and supply for corn is given by the following equations where P is the price (in cents) per ear of corn, and Q is the number of ears of corn in thousands. Qd = 140- 10P and Qs = -10 + 5P. Since corn can be used for ethanol production, the government wishes to stimulate corn production. Thus, it sets a price of 12 per ear of corn. Intructions: Use no decimals for final answers. PO is: QO is: The governement stimulus is an example of: O Price Floor, ES O Price Ceiling, ES Shift S to the right due to subsidies O Shift S to the right due to taxes The ES/ED is: quantities At P = $12, the quantities traded are: CSO is: PSO is: CS1 at P=12 is: PS1 at P=12 is: Who benefits from this stimulus? O Producers benefits because PS1 > PSO. O No one benefits. Consumers and suppliers are hurt since CS1 CSO. O Producers benefits, but consumers are hurt since CS1

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