given by the equation Qd= 180- 2P, and a supply function given by the equation Qs= -15+P. The market is government regulated with a price support per unit and production quotas. a) if all price set is set at $72 per unit, what is the production quota is needed to make sure there are no shortage of surpluses? Considering the price support amd the quota, calculate i) the consumer surplus ii) the producer surplus iii)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A market has a demand function given by the equation Qd= 180- 2P, and a supply function given by the equation Qs= -15+P. The market is government regulated with a price support per unit and production quotas. a) if all price set is set at $72 per unit, what is the production quota is needed to make sure there are no shortage of surpluses? Considering the price support amd the quota, calculate i) the consumer surplus ii) the producer surplus iii) deadweight loss
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