Suppose that the demand curve for wheat is

Q=12010p

and the supply curve is

Q=10p.

The government imposes a price ceiling of

p=$4 per unit.

a. How do the equilibrium price and quantitychange?(round quantities to the nearest integer and round prices to the nearestpenny)

The equilibrium quantity without the price ceiling is

and the price without the price ceiling is $

.

The equilibrium quantity with the price ceiling is

.