Questions 6-10.Diagram B illustrates the market for widgets. DD and SS are respectively the demand and supply curves. Equilibrium price is P* and equilibrium quantity is Q*. The government proceeds to imposea price floor (Pf) above the equilibrium price (P*).

For each of the following answer without any spaces: For example, if you want to answer X+Y, do not add any spaces between the alphabets and the + sign.

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