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Question 3. Suppose in organic honey market, demand and supply for organic honey are given as below. The unit of Q as million bottles. . Demand function: Qa = 25 - 5 * P Supply function: Qs = 4 + 2 * P Here P is the price of organic honey ($/bottle). To improve the revenue of honey producers (bee farmers), the government (USDA) is trying to set up a price floor. Now USDA imposes one price floor (a minimum market price) at $4/bottle. (1) Use your language to explain what is a price floor? What are possible economic impacts of using a price floor? (2) What the policy impact of this price floor? Does the price floor work? How to explain the impact of this price floor