(i) Find the equilibrium price and quantity. (ii) After parents complained about high prices, a price ceiling of p = 20 was imposed on the market. Find the deadweight loss from the price ceiling....

Extracted text: (i) Find the equilibrium price and quantity. (ii) After parents complained about high prices, a price ceiling of p = 20 was imposed on the market. Find the deadweight loss from the price ceiling. (Assume that the masks that are sold are allocated efficiently.)


Extracted text: 2. The demand curve for Hallowe'en masks is p = 60 – g and the supply curve is p 1,000 y 1,000