Question 4 (More Price Supports) Suppose the government implements a deficiency payment guaranteeing farmers a price of $6 per gallon (rather than the price support described n part b). a) What 1s the new quantity and price paid by consumers with the deficiency payment in place? Show graphically. b) Label consumer surplus, producer surplus, and government expenditures on your graph (below ) Calculate consumer surplus, producer surplus, and government expenditures to compare welfare under 1) the deficiency payment 2) Carter price support 3) no intervention