In the market for MP3 players, inverse demand is P = 400 — ZQD and inversesupply is P = 100 + Q5. However, the government has decided that it’s veryimportant that MP3 players have a price of P = 150 exactly.

a. In this market, does this price restriction act like a price ceiling or a pricefloor?

b. What quantity of MP3 players will be sold?

c. Will there be a shortage, or a surplus? And how large will it be?

(1. Calculate the deadweight loss.