Answer the ff

5. [Supply and demand] Consider Davao del Norte's local supply and demand equations for banana chips: Supply: {35 = P 25 Demand: D = If") E where P is price in Philippine pesos per bag, {23 is quantity supplied, and {in is quantity demanded [the latter two expressed in hundreds of bags]. a. Compute the price P'and quantity IT at equilibrium. b. At peak harvest season, an extreme drought wipes out a significant portion of the year's banana cro p, the primary input in banana chip production. This leads to an increase in the price of bananas, raising the production cost of banana chips. in effect, banana chip suppliers produce 15 less bags at all price points. i. Give the new supply equation (3 ii. Eompute new equilibrium price P" and quantity t3". By how much does each change after the drought? c. In response, community organisers run social media campaigns to raise awareness of farmers' plight. Market demand for banana chips increased by so bags at all price points. i. Give the new demand equation mmy. ii. Eompute new equilibrium price P'" and quantity 13'". By how much does each change after the marketing campaign? ctr-ought 5