A recent study found that the demand and supply schedules for frisbees are as follows:

What are the equilibrium price and quantity of frisbees?

a. Frisbee manufacturers persuade the government that frisbee production improves scientists’ understanding of aerodynamics and thus is important for national security. The government decides to impose a price floor €2 above the equilibrium price. What is the new market price? How many frisbees are sold?

b. Irate university students march on the government and demand a reduction in the price of frisbees. The government decides to repeal the price floor and impose a price ceiling €1 below the former price floor. What is the new market price? How many frisbees are sold?