In a market demand and supply equations are:

The demand curve is given as: P = 30 - 2Q

The supply curve is given as: P = 10 + 2Q.

1) What are the marketcompetitiveequilibrium price and quantity (P* and Q*),ConsumerSurplus (CS), and Producer Surplus (PS) without government intervention ?

Assume government imposes Price Floor of $26 on the market:

2) What would be the new equilibrium quantity in the market?

3)Whatwould bethe market Consumer Surplus andProducer Surplus?

4) What would be the Hidden Cost?

5) What would be theDeadweight Loss?