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5. (40 points) Given demand and supply in a market system for the cobweb model as follow, Qd = 19 -6P, and Q{ = 6P_1

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5. (40 points) Given demand and supply in a market system for the cobweb model as follow, Qd = 19 -6P, and Q{ = 6P_1 - 5 when the initial price Po = 2 (5a) 5.1) Determine whether the equilibrium of this market is stable?, 5.2) Sketch the cobweb diagram of question 5.1). 5.3) If you can change only one element or one number in (5a) to make opposite result to your answer in 5.1), please write a new (5a) "If your answer in 5.1) is "stable", please write a new market system (5a) which is "not stable". But, you can change only one element or one number from my (5a) "If your answer in 5.1) is "not stable", please write a new market system (5a) which is "stable". But, you can change only one element or one number from my (5a) of = Of = when the initial price Po = your new (5a) ? 5.4) Show the definite solution of your new (5a) 5.5) Sketch the cobweb diagram of 5.4)

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