Micro HWK 3(4 points) Due Sunday, December 19 Student Name: (Your answer should not exceed two lines per question) Suppose that the equilibrium price of gas is $0.70 a liter, and the equilibrium quantity is 10m. (Do not use graphs) A. If the government imposes a minimum price of $0.5 per liter, what is the impact of that on the market equilibrium? B. If the government imposes a minimum price of $0.9 per liter, what is the impact of that on the market equilibrium? C. If the government imposes a maximum price of $0.5 per liter, what is the impact of that on the market equilibrium? D. If the government imposes a maximum price of $0.9 per liter, what is the impact of that on the market equilibrium