1. Suppose the market for corn in Banana Republic is competitive. The market demand function for corn is Qd = 10 0.513 and the market supply function is Q3 : P 2, both measured in billions of bushels per year. (a) Calculate the equilibrium price and quantity.' (b) At the equilibrium at part (1a), what is the consumer surplus? producer sur plus? dead weight loss? Show all of those numerically .and graphically. (c) Suppose the government imposes an specic tax of $6 per unit to raise govern ment tax revenue. Analyze the problem by shifting the demand curve. What will the new equilibrium quantity be? What price will buyers pay? What price will sellers receive? Show all of those numerically and graphically. Calculate the consumer surplus, producer surplus, government tax revenue and DWL. (d) Ignore part (1c). Suppose the government imposes a price oor of $10 per bushel. What is the new equilibrium quantity? What is the consumer sur plus? producer surplus? dead weight loss? Show all of these numerically and graphically. (e) Ignore part (1c)and (1d). Suppose the government imposes a price ceiling of $6 per bushel. What is the new equilibrium quantity? What is the consumer surplus? producer surplus? dead weight loss? Show all of these numerically and graphically