#7 (4 points) Consider the market of the USB drives. The demand is given by pd = 60 - 5Q. The supply curve is Ps = Q. A (1.5 point) Calculate the equilibrium price and quantity P and Q. Part B-E. Suppose an unexpected supply chain disruption shifts the supply curve upward/inward to PS = 12 + Q. B (1 point) Calculate the new equilibrium price and quantity. . C (0.5 point) Examine the new equilibrium. Are USB drives sold in the market from consumers with higher or lower willingness to pay compared to consumers who buy USB drives in the equilibrium before the supply chain shock? Why? D (0.5 point) Explain why this supply shock leads to a greater change in price than quantity. (Hint: you need first to find which is relatively elastic, demand or supply.) E (0.5 point) Suppose the government is concerned about the high price driven by the supply shock and decides to control the price at $15. Explain why there may be a shortage and compute the amount of shortage