1. Trade. Assume the market for oranges in Montana can be characterized with the following supply and demand. Demand: Qd=1000 - 600P Supply: Qs = 400P where P is the price of oranges in dollars per pound and Q is the quantity of oranges in thousand pounds. a. Calculate the market equilibrium price and quantity. b. Assume Montana opens trade with Florida and the price for oranges falls to $0.50. How many oranges are produced in Montana? c. Again, assume Montana opens trade with Florida and the price for oranges falls to $0.50. How many oranges are consumed in Montana? d. How many oranges are imported from Florida