In 1954, the federal government began regulating the wellhead price of natural gas. Initially, the price controls were not binding; the ceiling prices were above those that cleared the market. But in about 1962, these ceiling prices did become binding. In the 1970s, this excess demand, spurred by higher oil prices, became severe and led to widespread curtailments. Today, producers and industrial consumers of natural gas are concerned that the government might respond, once again, with price controls if prices rise sharply. First, consider the market for natural gas without price controls. Suppose the demand curve for natural gas is: Q = 68.33 - 1.80P and the supply curve is: Q = 20.85 + 0.72P, where Q is the quantity of natural gas measured in ch (trillion cubic feet) and P is the price of natural gas measured in mcf (thousand cubic feet). Find the market-clearing price and quantity. (Enter your responses rounded to two decimal places.) The marketclearing price is $|:| per mot and the marketclearing quantity is D Tct