2. (20 points) Suppose the graph below shows the market of apples. Answer the following question: p5 P, $ per unit i 191 Demand 0, unit (5 points) Suppose that inverse demand function is p = 80 Q and the supply function is Q = p + 20. Calculate the equilibrium price and quantity. (4 points) Calculate the consumer and producer surpluses. (5 points) Suppose the government enforces a new policy that sets the minimum prices of apples at $50 Calculate the new quantity produced. (2 points) Calculate the deadweight loss. (2 points) Calculate the government expenses. (2 points) Calculate the excess production