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5. The demand and supply of good X is given as 0 =8.000 -1.00OP, and Q. = -4000 + 2000P. Find the equilibrium price and equilibrium quantity. E b) Find the consumer surplus and producer surplus. Find the elasticity of demand at the equilibrium, If price increase by 5% what will be the percentage decrease in quantity demanded If' government impose a tax of GHe7, find the new equilibrium price and equilibrium quantity. How much do the consumer and producer pay? Determine the consumer surplus and producer surplus after the tax. 6 / Given that: Od =50 - 8p Os =-17.5# 10p ) Find the equilibrium price and quantity. by Calculate the price elasticity of demand at this equilibrium. c) Calculate the consumer's surplus? d) Suppose a tax of c2 per unit is placed on the commodity; calculate the new price and quantity. e) Calculate the change in consumer's surplus with the imposition of the tax