In Eramcle.9.1. we calculated the gaias and losses from price controls on natural gas and found that there was a deadwnight loss of 35.65 billon. This calculation was based an a price of ol of $5: per barrel and wilized the following equasions: Suppy:q2=15.90+0.72P0+0.05P0Demand.q0=0.021.8P0+0.69P0 where Q5 and d are the quantities supplied and demanded, each meosured in trition cubic feet (Te). Pq is the price of ratura gas in dollars per thousand cubic feel isimen, and P0 is the price of ot in dolan per bayel (\$bb). If the peice of ol were $70.00 per bairel, what would be the tree-market price of gas? With a 570.00 pnoe of oll per barrel the foe- market price of gas would be 3 per thousand cuble foot. (Enfer your mesponse rounded to fwo decina' places) How large a deadweight loas would resin it the mavimam allowable price of naturat gas were 54.00 per thousand citio feet? Deadeecht loss if the price of natual gas were regulated to be 54.00 would be 528.14 bilion. (Enter your response rounded to tho docimal places) What price of el worid yield a tree-maket peice of natural gas of 34.00 ? The freematket price of nakural gas would be 34.00 it eve price of oll were 3 (Enter your response rounded to two decimal places.) In Eramcle.9.1. we calculated the gaias and losses from price controls on natural gas and found that there was a deadwnight loss of 35.65 billon. This calculation was based an a price of ol of $5: per barrel and wilized the following equasions: Suppy:q2=15.90+0.72P0+0.05P0Demand.q0=0.021.8P0+0.69P0 where Q5 and d are the quantities supplied and demanded, each meosured in trition cubic feet (Te). Pq is the price of ratura gas in dollars per thousand cubic feel isimen, and P0 is the price of ot in dolan per bayel (\$bb). If the peice of ol were $70.00 per bairel, what would be the tree-market price of gas? With a 570.00 pnoe of oll per barrel the foe- market price of gas would be 3 per thousand cuble foot. (Enfer your mesponse rounded to fwo decina' places) How large a deadweight loas would resin it the mavimam allowable price of naturat gas were 54.00 per thousand citio feet? Deadeecht loss if the price of natual gas were regulated to be 54.00 would be 528.14 bilion. (Enter your response rounded to tho docimal places) What price of el worid yield a tree-maket peice of natural gas of 34.00 ? The freematket price of nakural gas would be 34.00 it eve price of oll were 3 (Enter your response rounded to two decimal places.)