Suppose the US government is considering a regulation that would result in the price of electric vehicles being reduced by USD 10,000 relative to the equilibrium price. Note: this new price is not the result of a negotiated exchange between buyers and sellers, so might not result in a competitive market equilibrium.

Based on this information:

a.(10 pts) What is the quantity demanded at this new price?

b.(10 pts) What is the quantity supplied at this new price?

c.(10 pts) What is the change in consumer surplus as a result of this policy?

d.(10 pts) What is the change in producer surplus as a result of this policy?