Qs=2P

Qd= 300-P

The equilibrium price is $________ and the equilibrium quantity is ______________. The government imposes a price ceiling of $110. This price ceiling is ________. The market price will be $___________. The quantity supplied will be _______________ and the quantity demanded will be ________________. This price ceiling of $110 will result in _________________. Government imposes a price floor of $110. This price floor is ______________. This market price will be $________. The quantity supplied will be ____________ and the quantity demand will be ___________. A price floor of $110 will result in _______________. The government levies a tax on producers of $30. As a result, the new supply curve is Qs= 2(P-30). With this tax, the market price will be $___________, the quantity supplied will be __________, and the quantity demanded will be _____________. This tax will result in ________________.