Answer the following questions in 3-5 sentences for each question. Write or type (google doc) the questions and answers (15 points each). May work with 1 partner- Ensure both names are on the assignment. 1. What is unique about an equilibrium price? 2. How is a price floor different from a price ceiling? 3. What are the benefits and drawbacks of a price ceiling? 4. What are the benefits and drawbacks of a price floor? 5. Explain the government's role in establishing prices. 6. Explain the concept of surplus and shortage in the market. 7. Draw a graph illustrating a price floor and price ceiling. Label all parts. 8. Explain what you learned as a result of this activity. (5 points)