2. Let's say Country X experiences an increase in its income. The average salary of the people increases from $20,000 to $21,000. a) If the income elasticities happens to be 0.8, find the new market equilibrium! b) Find the new consumers surplus c) Find the new producers surplus d) Find the total welfaremagine a country X where the supply and demand of its gasoline is given below Pp = -20> + 120 P; = 30 + 10