Suppose that the market below has a demand curve of P = 18 - 3Q and a supply curve of P = 4 + 0.5Q. (a) On the graph below, draw the supply and demand curves and indicate the equilibrium price and quantity (label it point A). (b) Solve for the equilibrium price and quantity. (c) Suppose that the government imposes a price floor of $12 per unit. Show how this price floor will impact the price paid by consumers and the quantity purchased by consumers. (d) On the graph below, show the consumer surplus, producer surplus, and deadweight loss when the government imposes a price floor of $12. (e) Calculate the consumer surplus, producer surplus, and deadweight loss when the government imposes a price floor of $12. 20 18 16 14 12 Price 10 8 6 4 2 Quantity 6 10