A market is described by the following supply and demand equations: Supply: Qs = 3P - 30 Demand: Qd = 100 - 2P Answer the following questions: 6. After setting a subsidy on firms of $5 per unit sold, determine the new price and quantity traded. Compute consumer surplus, producer surplus, and government revenue. What is the deadweight loss? 7. After setting a subsidy on consumers of $5 per unit sold, determine the new price and quantity traded. Compute consumer surplus, producer surplus, and government revenue. What is the deadweight loss? Compare your results to the previous question. 8. Consumers abroad are willing to purchase the commodity at a price of $30 per unit. Determine the new domestic price, quantity produced and quantity consumed at home. Compute consumer and producer surplus (only take into account domestic producers and consumers). How large are the gains from trade? 9. Firms abroad are willing to produce the commodity at a price of $20 per unit. Determine the new equilibrium price, quantity produced and quantity consumed at home. Compute consumer and producer surplus (only take into account domestic producers and consumers). How large are the gains from trade?