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- What does each part of the graph stand for? Assume that a local government imposes a price ceiling of $8, how many units will be excessively supplied/demanded?The below graph shows a market where the government has imposed a price ceiling. For each of the following three questions, select the area(s) described after the ceiling is in place. Demand Supply B D Price ($) F H. Price Ceiling J M Quantity Which of the following is the consumer surplus? A+B+C v Which of the following is the producer surplus? What is the deadweight loss of the price ceiling? C+FWhat would happen to the equilibrium price and equilibrium quantity of a good after the government subsidized its production at the same time that demand increased? Explain.