both measured in billions of bushels per year. The initial equilibrium price is $279, and the initial equilibrium quantitys 12 billion bushels. Consumer surplus ta $38.62. producer surplus le $15.45, and aggregate surplus $54.06. Suppose the government wants to raise the price of com to $3.50. What are the welfare effects of a price floor price support product on quota and voluntary production reduction program Instructions: Round quantities to 1 decimal place and prices to 2 decimal places. State the cost to government in absolute value. Program 1: A price floor Amount 15) billion Consumer surplus Producer Surplus Cost to the government Aggregate surplus Desdweight loss billion billion billion billion Program 2. A price support Consumer surplus Producer surplus Cost to the government Aggregate surplus Desdweight loss Amount (5) billon billon bilton biton billon Program 3: A production quota Consumer surplus Producer surplus Cost to the government Aggregate surplus Desdweight loss Amount ($) billon bilton billon billon Program 4: A voluntary production reduction program Consumer surplus Producer surplus Cost to the government Aggregate surplus Desdweight loss Amount ($) billion billion billion billion billion