1. A microeconomic study of the market for product X found the following supply and demand equations: 1 Supply. P 10 + E? Demand: P = 100 EQ Where P is price in the local currency and Q is sales volume in tons /' week. Questions: a. What is the mmmarllgveltgvlvevavrjvng price and quantity. 1). If the government determines the price of good X at 40/ton, will a decit or surplus take place? And What is the amount of that surplus or decit