17. Suppose that the number of licensed distillers of Kreta Raki declines and that simultaneously the US government implements a $20 price ceiling on market prices, but demand remains unchanged. What is the new quantity supplied, the new quantity demanded, the new price, and is this the new equilibrium? (a) QS: 500; QD: 2,500; P: $20; Yes. This is the new equilibrium. QS: 1,500; QD: 1,500; P: $60; Yes. This is the new equilibrium. (c) QS: 500; QD: 2,500; P: $20; No. A new equilibrium cannot be reached. (d) QS: 5; QD: 25; P: $20; No. A new equilibrium cannot be reached