6. (1 1 marks) Rec Suppose that the market of wheat can be represented by: Google Q = 150 + 10P Q = 500 -4p2 where P is the price of wheat while Q is the quantity of wheat. a. Suppose the government imposes a minimum price of $8 on the wheat market. Calculate the amount of surplus in the wheat market. (2 marks) b. Calculate the price elasticity of demand for wheat with the minimum price in (a). Show your workings. (3 marks) c. Give three economic reasons why the minimum price may fail to help improving the well-being of wheat farmers. (6 marks)