solve plzzz

3. (24) Consider the market for Wheat, measured in bushels. Demand is P = 300 - Q and supply is P = 100 + 4Q Assume prices are measured in cents. (a) Find the equilibrium values of P and Q. (b) Show the equilbrium on a well-labeled graph. (c) Suppose that the government wants to set the price of wheat 15 cents lower than the equilibrium price you just found. Consider two ways this can be achieved. The rst is a price control. Should it be a price oor or a. price ceiling? Explain using words and a graph. You can use the same graph as in part (b) above or copy it here. (d) The second is scal policy by the government. Should it be a tax or a subsidy? (Assume an excise tax, or constant subsidy.) And how large? That is, What size or value should it be? Explain using words and a graph. You can use the same graph as in part (b) above or copy it here. (e) Choose one option, the price control or the subsidy. Provide a brief argument that it is better for the agents involved in the market for wheat than the other option