How to solve this? Answers

Refer to the demand and supply equations to answer the following questions. Market demand is given as Q = 320 - 3P. Market supply is given as Q5 = 2P + 30. 1) If the government imposes a binding price floor of $68.00 in this market, what is the result? a. There will be a units. b. The redistribution of surplus from consumers to the producer is equal to $ c. The loss of producer surplus is equal to $ 2) If the government imposes a binding price ceiling of $46.00 in this market, what is the result? a. There will be a of units. b. The highest price that would be charged in a black market is $ c. The deadweight loss due to price ceiling is equal to $