The graph below shows the market for wheat. The government is considering intervening in this market. Calculate Consumer Surplus and Producer Surplus at the equilibrium price and equilibrium quantity. If the government imposes a price ceiling at $5, is there a shortage, a surplus, or neither? Calculate. If instead the government imposes a price ceiling at $1, is there a shortage, a surplus, or neither? Calculate. If instead the government imposes a price floor at $4, is there a shortage, a surplus, or neither? Explain. If instead the government restricts the market output to 100 units, calculate the deadweight loss.

6.0 S 5.5 5.0 4.5 4.0 3.5 Price ($/Hot Dog) 3.0 2.5 2.0 1.5 1.0 0.5 D 0.0 0 100 200 300 400 500 600