Question: In a market for good X, the demand function is = 90 3P and the supply function is = 6P. The government imposed a price floor of $12. a) Will the price floor of $12 result in a shortage or surplus? b) How much units of shortage or surplus will there be? c) Compute the producer's surplus when a price floor of $12 is imposed on the market. d) Compute the consumer's surplus when a