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Product G is sold in a perfectly competitive, constant-cost industry. a. Draw a side-by-side graph for product G showing the market in long-run equilibrium with an individual firm earning normal profit. Label each of the following: iThe market's equilibrium price (P,) and quantity (Q,) ii The firm's profit-maximizing quantity (Q,) b. How would it affect the quantity demanded if the government imposed a price floor below P.? c. The price of F, a complement for product G, decreases. Illustrate on your graph from part (a) the result of this in the short run. iii. Label the new market price (P. ) and new market quantity (Q.) iv. Shade completely any profit or loss for the firm. d. The price of F decreased by 5 percent, while the quantity demanded of G changed by 20 percent. What is the cross-price elasticity of G and F? e. What happens to the productive efficiency of the firm in the short run as a result of the change described in part (c)? f. What will happen to the price of G in the long run? Explain. g. In long-run equilibrium, the individual firm produces 200 units of G. At that level of output, its total cost is $1,000. If the firm is earning normal profits, what must be the market price! The whole market from part (=) clears at a quantity of 2 million units in the long run. If the constant long-run supply would intersect the y-axis at $2 and the demand curve intersects the y-axis at $8, what is the consumer surplus"