$1b. 10.00 Farm-raised.Fish Market SMarket 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 DMarket 1.00 0.00 20 40 Quantity of Farm-Raised Fish (1,000s of lbs) b) Now consider the federal government sets a price floor at $6.50 per pound because they believe farm raised fish will help protect natural fisheries. i) Will there be a shortage or surplus of farm-raised catfish? How much? If the federal government wants the market to clear what price will the fish be sold at? iii) What is the total amount the government will pay in subsidies to have the market clear with this price floor? N Search