ln Example 9.1, we calculated the gains and losses from price controls on natural gas and found that there was a deadweight loss of 55.68 billion. This calculation was based on a price of oil of 550 per barrel and utilized the following equations: Supply; {3.5 15.90 + 0.7210G + 0.0593. Demand: an 0.02 'l .SPG + 0.69PO where Q8 and DD are the quantities supplied and demanded: each measured in trillion cubic feet {ch): PG is the price of natural gas in dollars per thousand cubic feet [$rmcf), and PO is the price of oil in dollars per barrel ($r'b). lfthe price of oil were 560.00 per barrel: what would be the freemarket price of gas? With a $60.00 price of oil per barrel: the free-market price of gas would be $l: per thousand cubic foot. (Enter your response rounded to two decimal places.)