1. The market data for butter are shown below. Quantity Price f11 $15 Demanded 105 80 60 50 40 Supplied 5 30 50 60 70 Suppose that the government introduces a price floor for butter at P = (14. i) In a graph show the effect on the market for butter of such a price floor. ii) When will a price floor be inefficient? iii) What effect will a price floor have on consumers