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4. Consider the following demand and supply schedules for pain killers: D: O = 100 - P S: Q = 9P 4a. Consider a legislated

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4. Consider the following demand and supply schedules for pain killers: D: O = 100 - P S: Q = 9P 4a. Consider a legislated price floor set at P-12: What is the marginal benefit of pain killers before and after this price floor imposed? Are consumers better off or worse off with the price floor? Explain. 4b. What is the dollar value of the deadweight loss from the price floor? Show your work

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