Consider once more the original market for pizza in Collegetown, illustrated in the table in Problem 8. Now Collegetown officials impose a price floor on pizza of $8. a. What is the quantity of pizza...

Consider once more the original market for pizza in

Collegetown, illustrated in the table in Problem 8. Now

Collegetown officials impose a price floor on pizza of $8.

a. What is the quantity of pizza bought and sold after the

imposition of the price floor?

b. Calculate the consumer surplus and the producer surplus

after the imposition of the price floor.