Could you solve the questions please? THANK YOU VERY MUCH!!!

Do producers tend to favor price floors or price ceilings? Why? Producers favor O A. price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus. O B. price floors because, when binding, price floors increase price above the equilibrium and increase economic surplus. O C. price floors because, when non-binding, price floors increase price above the equilibrium and may increase producer surplus. O D. price floors because, when binding, price floors decrease price below the equilibrium and increase producer surplus. O E. price ceilings because, when binding, price ceilings increase price above the equilibrium and may increase producer surplus.Suppose that initially the gasoline market is in equilibrium, at a price of $2.50 per gallon and a quantity of 75 million gallons per month. Then a war in the Middle East disrupts imports of oil into the United States, shitting the supply curve for gasoline from S1 to 82. The price of gasoline begins to rise, and consumers protest. The federal government responds by setting a price ceiling of $2.50 per gallon. Use the graph to answer the following questions. lfthere were no price ceiling. what would be the equilibrium mice of gasoline. the quantity of gasoline demanded. and the quantity of gasoline supplied? The equilibrium price would be $ , the quantity demanded would be million gallons per month. and the quantity supplied would be million gallons per month. (Enter your responses rounded to two decimal places.) Price (dollars per gallon) Quantity (millions of gallons per month) Suppose the market demand for ethanol is Q =60 -10P and market supply of ethanol is QS = 20 + 10P. If the government institutes a price ceiling of $1.00, what is the effect on economic efficiency? The price ceiling will create deadweight loss of $ (Enter your response rounded to two decimal places.)Ablack market is O A. a market in which buying and selling occur at legal prices. 0 B. a market in which there is no deadweight loss. O C. a market in which participants exchange goods and services without using money. 0 D. a market in which buying and selling occur at pnces that violate government price regulations. 0 E. a market in which there are nonbinding price controls. Can economic analysis provide a nal answer to the question of whether the government should intervene in markets by imposing price ceilings and price floors? Why or why not'? Q A. Economic analysis can provide such an answer because it seeks to address positive questions such as "what is." O B. Economic analysis can provide such an answer because it seeks to address normative questions such as "what ought to be " O 0. Economic analysis can provide such an answer because it seeks to address both positive and normative questions such as "what is" and "what ought to be." 0 D. Economic analysis cannot provide such an answer because it seeks to address positive questions such as "what is." O E. Economic analysis cannot provide such an answer because it seeks to address normative questions such as "what ought to be." The figure illustrates the market for apples in which the government has imposed a price floor of $14 per crate. 20- How many crates of apples will be sold after the price floor has been imposed? 18 million crates of apples per year. (Enter your response as an integer.) 16 Supply Price N Demand 12 16 20 24 28 32 36 40 Quantity (millions of crates per year)Use the information on the kumquat market in the following table to answer the questions. (Quantities are given in millions of crates per year.) Graph Price Quantity Quantity (Per Crate) Demanded Supplied $10 130 30 15 120 70 45- 20 110 110 25 100 150 40- 30 90 190 Supply 35- 35 80 230 Price floor 30 The equilibrium price is $ and the equilibrium quantity is million crates. (Enter your responses as integers.) 25 Price 15- 10- Demand 5- 0 30 60 90 120 150 180 210 240 270 Quantity of kumquats (millions of crates per year)Use the information on the kumquat market in the table to answer the questions. (Quantities are given in millions of crates per year.) Price Quantity Quantity (Per Crate) Demanded Supplied $10 15 20 25 30 35 140 40 130 80 120 120 110 160 100 200 90 240 The equilibrium price is $ and the equilibrium quantity is (Enter your responses as integers.) million crates. D 30 60 90 120 150 130 21D 24D 2?D Quantity of kumqua'es (millions of crates per year) Suppose that the government sets a price floor for milk that is above the competitive equilibrium price. 227 20- Identify the price and quantity sold when there is a price floor. Then show the change in economic surplus caused by the price floor. (Note: If you have trouble 18- Supply graphing the triangle, be sure to drag the "Quantity sold" label out of your way so 16- that you can plot all three triangle points.) 14- 1.) Use the point drawing tool to identify the quantity that is sold and the price with Price floor the price floor. Label the point 'Quantity sold' Price 2.) Use the triangle drawing tool to shade the change in economic surplus as a result of the price floor. If there is an increase in surplus, label it 'new economic surplus'; if there is a decrease in surplus, label it 'deadweight loss' Carefully follow the instructions above, and only draw the required objects. Demand 4 8 12 16 20 24 28 32 36 40 Quantity of milkUse the information in the following table (and in the graph) on the market for apartments in Bayr Cityr to answer the following questions. Rent $200 300 400 500 600 700 Quantity Quantity Demanded Supplied 275.000 125.000 250.000 150.000 225.000 175.000 200.000 200.000 175.000 225.000 150.000 250.000 In the absence of rent control, what is the equilibrium rent and the equilibrium quantity of apartments rented? Equilibrium rent is $ and the equilibrium quantity is (Enter your responses as integers.) thousand apartments. Price (dollars per month) 50 100 150 200 250 300 350 400 Quantity (apartments per month in thousands) A student makes the following argument: "A price floor reduces the amount of a product that consumers buy because it Supply keeps the price above the competitive market equilibrium. A price ceiling, on the other hand, increases the amount of the product that consumers buy because it keeps the price below the competitive market equilibrium." Do you agree with the student's reasoning? To address this, first, add a binding price floor and a binding price ceiling. P1..... Price 1.) Use the line drawing tool to draw the price floor. Properly label this line. 2.) Use the line drawing tool to draw the price ceiling. Properly label this line. Demand Carefully follow the instructions above, and only draw the required objects. Q1 Quantity