Question: Suppose demand is given by P = 50 - 2Q and supply is given by P = 14 + Q. The government imposes a price

Suppose demand is given by P = 50 - 2Q and supply is given by P = 14 + Q. The government imposes a price ceiling of $20 in this market. At the original equilibrium (before implementing the price ceiling), what was the value of economic surplus? After the price ceiling is implemented, what is the value of consumer surplus? (Just type the number; do not include a dollar sign.) After the price ceiling is implemented, what is the size of the deadweight loss? (Just type the number; do not include a dollar sign.) After the price ceiling is implemented, what is the size of the shortage in the market? (Just type the number; do not include any text or units.)

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