1. For the first question about the equilibrium price of peaches, based on the information in the article, the short-run and long-run effects on the equilibrium price are not explicitly mentioned. However, we can infer that due to the devastating peach crop loss, the short-run equilibrium price of peaches may increase because of reduced supply. In the long run, if the orchards recover and the weather conditions become more favorable, the equilibrium price of peaches may not change or could potentially decrease if supply increases significantly. So, the best answer is: Short-Run: P* Increases; Long-Run: P* doesn't change 2. For the second question about the equilibrium price and quantity of the market for ice cream (a complement for peach pie), given the information in the article, the decrease in the peach crop is likely to result in a decrease in the quantity of peach pies produced, as there are fewer peaches available. This decrease in the quantity of peach pies may lead to a decrease in the demand for complementary goods like ice cream. When demand for ice cream decreases, it could lead to a decrease in the equilibrium price (P*) of ice cream. So, the answer is: P*: Decreases