Demand and supply for electric vehicles (EV) is:

Demand: P = 85 - q

Supply: P = 10 + 2q

where P is price in thousands of dollars and q is quantity in thousands of vehicles.

1. What is the equilibrium price and quantity of EVs? Show on a graph.
2. If the government subsidizes buyers by giving them $15,000 toward each EV, what is the new equilibrium price and quantity of EVs? Show the changes in your graph.
3. Who gains more from this subsidy, buyers or sellers? Explain and show.