e. Suppose the government imposes a price support at "P Support" on the graph. What is the quantity.r demanded by consumers are the price support level? f. How would 1,rou characterize the difference between the quantity supplied and quantity demanded at the price support? g. Using letters, identity the areas that would represent consumer surplus after the price support. Are consumers better off or worse off because of this intervention? h. Using letters, identir the areas that would represent producer surplus after the price support. Are producers better off or worse off Ioecause of this intervention? i. Using letters, identify the areas that would represent the dead weight loss from the price support. 1What is creating the dead weight loss or market failure in this example? Consider the following example illustrating a dairy market with a grice support. Use the figure to answer the following questions. Market with Price Support S A I _ I I I I I I I I I I I '3 Quantity a. Why would the government consider imposing a price support on dairy products? b. Using letters, id entif'p' the areas that would rep resent consumer surplus before the price support. c. Using letters, id entif'p' the areas that would rep resent producer surplus before the price support. d. Suppose the government imposes a price support at r'Fl Support" on the graph. II.I'l.ihat is the quantityr supplied for producers at the price support g