Suppose the demand and supply functions for a product are given by P = 12 0.50. and P = 6 + 0.50 respectively, where P 2 price per unit in dollars and Q = quantity. (a) Compute the equilibrium price, the equilibrium quantity, the consumer surplus and the producer surplus in the market. (b) If the government impose a price floor of $10 on the product, calculate the deadweight loss as a result of the price floor. Support your answer with a market diagram