Answer all of the following for Problem 1. 1. Demand and supply conditions in a market are specied as follows: D= {(q, p) lp=32" 05], 0 quso} S= {($13) lp =2+0-1q2, 0911550} Determine the market-equilibrium quantity. Determine the market-equilibrium price. Determine the revenue of sellers (and the expenditure of buyers) at the market equilibrium Determine the total benet of buyers at the market equilibrium. Determine the buyers' surplus at the market equilibrium. Roughly estimate the total cost of sellers at the market equilibrium. Explain how you obtained your es1imate. g. Estimate the sellers' surplus (or prot) at the market equilibrium. Explain how you obtained your estimate. 99"?\" 47.09