A market is described by the following supply and demand curves: (99 = 400P The equilibrium price is and the equilibrium quantity is E . Suppose the government imposes a price ceiling of $60. This price ceiling is V , and the market price will be. The quantity supplied will be S , and the quantity demanded will be S . Therefore, a price ceiling of $60 will result in 7 Suppose the government imposes a price floor of $60. This price oor is Y , and the market price will be . The quantity supplied will be S and the quantity demanded will be S . Therefore, a price floor of $60 will result in V Instead of a price control, the government levies a tax on producers of $10. A5 a result, the new supplyr curve is: Q3 403710) With this tax, the market price will be- , the quantity supplied will be S , and the quantity demanded will be S . The passage of such tax will result in "I"