Suppose demand and supply are given by Gd: 5O - Pand QS=1DP - 20. a. What are the equilibrium quantity and price in this market? Equilibrium quantity: :] Equilibrium price: $ [:l b. Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $44 is imposed in this market. Surplus: l:] c. Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage ifa price ceiling of $28 is imposed in the market. Also, determine the full economic price paid by consumers. Shortage: :l Full economic price: $ [:l