A market is characterized by the following functions:

Demand: Q = 330 - 0.3P

Supply: Q = 0.2 P - 20

What is the maximum amount of surplus this market can generate?

Using the above demand and supply, give an example of a price floor (set at a price less than $1,100) that would make producers worse off. In your example, calculate producer surplus

The government now establishes a $100 tax on buyers every time they purchase a unit of the good. What is the size of the deadweight loss generated by the tax?

Domestic buyers can now import at an international price of $300 per unit. Calculate consumer surplus, producer surplus and gains from trade.