The below graph shows the market of computers. The equilibrium is at point "E": Price $700 650 600 550 500 450 400 350 300 0 7 8 9 E 10 11 12 13 S D 14 Quantity (millions per year) 1. The government intervenes by setting a minimum price to buy at of 600$. What type of Price control is it (price floor or price ceiling)? Is it biding? Explain your answer. 2. Will this create a surplus or shortage in the market? Calculate it (show your calculations).