4- {lsptsl Let us think of the market for cellphones. The demand for cellphones is given by Qu-BUP and the supplyr for cellphones is given bv manure. a. ints} Solve for the equilibrium market price and quantities. b. (1pm Calculate both the consumer surplus and producer surplus. c. Ems} Suppose the government impose a price floor of 29, what is the new equilibrium quantity? Re-calculate both the consumer surplus and producer surplus under this scenario. d. (3pm Now, instead of a price floor, suppose the government impose a price ceiling of 15, what is the new equilibrium quantity? lie-calculate both the consumer surplus and producer surplus under this scenario. e. ilpts} If the goal of the government is to reduce the total equilibrium quantity of cellphones, which of the two policies of part {cl and part {d} is the most effective and why