1. The demand and supply of an agricultural good are represented by the following equations: P = int} - posed P = it] + 0.11% a} Calculate the equilibrium price and quantity. h] Plot the demand and supply curves and illustrate the equilibrium price and quantity. :1 Now suppose the government introduces a support price of STD and offers to purchase any surplus at this price: i} Illustrate the surplus at the support price. ii} Calculate and illustrate the deadweight loss resulting from this policy