Consider the perfectly competitive market for an agricultural commodity. The direct market demand curve is Q(P) = 720 − 15P and the direct market supply curve is Q (P) = 15P. The market equilibrium quantity is 360 units at a price of $24.   Suppose the government imposes a price floor at P = $36.00 and uses a deficiency payment program to implement the floor. What quantity will be sold and what prices will consumers and producers face under this​ policy? The new equilibrium quantity is 540 units. Consumers pay $12 and the producers receive $36.   Find the: a. Change in consumer surplus and producer surplus. b. Government Expenditure. c. Change in social surplus.

The government decides that the sugar price support program is getting too expensive. It abandons the support price program and instead assigns a marketing quota to each sugar producer. This quota gives the holder the right to sell sugar on the market and can be transferred to other producers. Altogether the quotas allocate to sugar growers add up to 9 million cwt. Please grab this problem, indicating clearly the market price and quantity. Not sure if this is necessary for the question but given is  demand for sugar: Q= 20 - P Supply for sugar: Q = 2 + P  quantities are in million hundredweight (cwt) and price is dollars per cwt. picture is of previous question that goes along to help answer with this one. I am needing help with number 3 that is pictured

Consider the inverse demand curve: p=70-2Q. Assume the market price is $20.00. Calculate consumer surplus at the equilibrium market price and quantity. Consumer surplus (CS) is $. (Enter your response rounded to two decimal places.)

Q)The market for N-95 masks is perfectly competitive. Market Demand is given by Q=306-2P and Market Supply is given by Q=3P. The government imposes a price floor of $116. What is the quantity traded in the market with this price floor?

How to solve this

Suppose there is an inverse supply function PS= 10 + 4.5Q and a market price P* = 44. What is the quantity supplied? What is the producer surplus?

The market demand function for corn is Qd = 19 - 5P The market supply function is QS = 5P - 4 both quantities measured in billions of bushels per year. Instructions: Round all quantities to the nearest whole number and prices to 2 decimal places. a. What is consumer surplus at the competitive market equilibrium? b. What is producer surplus at the competitive market equilibrium? c. What is aggregate surplus at this equilibrium?