Use the following supply and demand equations. Supply:p= 4 + 3q. Demand:p= 2,132−q. Use these equations to respond to the following questions. (a) What is the market equilibrium? (b) Under the market...

Use the following supply and demand equations.  Supply:p= 4 + 3q.  Demand:p= 2,132−q.  Use these equations to respond to the following questions.  (a) What is the market equilibrium?  (b) Under the market equilibrium, what is Total Surplus?  (c) Suppose the government enacts a price ceiling of ̄p= 2,000. What is Producer Surplus, Consumer Surplus, Total Surplus, and Deadweight Loss?  (d) Instead, suppose that the government enacts a price ceiling of ̄p= 1,100. What is Producer Surplus, Consumer Surplus, Total Surplus, and Deadweight Loss?