URGENT!! Please help me with the below questions:

1.

The following figures show the demand and supply of butter as estimated by the Ontario dairy marketing board. Assume the market for butter is currently operating at market equilibrium. a) The marketing board would like to set a restriction that prevents the price of butter falling below $0.45/100g. What are the advantages and disadvantages of this decision? Explain. b) Instead of the above noted price restriction assume a "quota" is established. What effects would this have on the market for butter? Explain. (millions of grams) (millions of grams) m -- 200 S 0. 45 :00 SO 35 5. -- 600 S 0.25 700 $ 0.20 800 S 0. | 5 200