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Explain how to compute 16-19 NNNN 15) 17) 13) 19) Equilibrium Price and Quantity (12 points] Pf = a + Qx P; = it +

Explain how to compute 16-19

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NNNN 15) 17) 13) 19) Equilibrium Price and Quantity (12 points] Pf = a + Qx P; = it + (SQ): Equilibrium Condition: Pf = P' X For the demand and supply equations above and parameters to the right, Equilibrium Price Equilibrium Quantity Maximum Total Surplus Dead Weight Loss when government restricts output to be (1:400 alpha 50 beta 41.016666? lambda 33.333333 delta 0.0111111

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