The demand and supply of widgets is given below. Q is quantity, and P is price of widgets Q = 8000 - 8P Q = 1000 + 2P How much is equilibrium quantity and equilibrium price (show me your work) If there is a price control of $500 imposed by the government for widgets. What type of price control is this called? Does this type of price control cause a shortage or surplus, and how much is it. Draw the Demand and Supply, and show the point for part a and b