Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWL Based on the following functions, compute for the: Demand: P = 1200 – 4Q Supply : P = 655 + 2Q Assume that the government...

Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWL


Based on the following functions, compute for the:


Demand: P = 1200 – 4Q


Supply :  P = 655 + 2Q

Assume that the government provided subsidy amounting to P150 to consumers

1. Draw the graph on item 2


2. Determine the Pb