2. Demand for coffee is P = 10 - 0.20Q and Supply of coffee is P = 0.05Q + 0.50

A) Calculate market equilibrium price and quantity B) Calculate consumer and producer surplus if this market is in equilibrium. C) Illustrate the coffee market with a graph. Be sure to label supply, demand, equilibrium price and quantity, consumer surplus, and producer surplus. D) Briefly explain in what ways market equilibrium is considered efficient. E) Calculate the effects a $2.00 per unit tax would have on price and quantity in the coffee market.