Consider the following demand and supply functions in the German market of beer Q D = 6, 000 1, 500P Q S = 1, 000 + 2, 000P Suppose that the German government imposes a price ceiling in the market of beer of one euro.

1. Accurately graph the demand curve, supply curve, and the price ceiling

2. Calculate equilibrium price, equilibrium quantity, consumer surplus, and producer surplus at the equilibrium

3. With the price ceiling of 1 euro, what is the producer surplus received by beer producers after the price ceiling is imposed?

4. With the price ceiling of 1 euro, what is consumer surplus after the price ceiling?