1. The Federal Trade Commission is currently examining mobile phone service in the country. The commission has been asked to evaluate a proposal by the government to place a $0.10 per 100 MB price ceiling on mobile phone data usage. The staff economist at the commission estimates the demand and supply curves for service as follows: QD = 1600 2400P QS =200+3200P, where P = price of data per 100 MB, and Q = number of 100MB internet usage (a) Determine the equilibrium price and quantity that will prevail without the price ceiling. (b) Analyze the quantity that will be available with the price ceiling. (c) The government realizes that the mobile phone company could curtail the data usage in response to the ceiling. To prevent this, the government plans to impose a requirement that the company must maintain the current data usage. In light of this additional restriction, what will be the likely impact of the price ceiling