1. Given the shift from the original demand equation of Qb = 80 - 5P to a new demand equation of Qa =100 - 5P, determine the original price equilibrium and the new price equilibrium assuming that the supply Qs = 10 + 2P is constant. Use two decimal places for the value of price equilibrium.
2. In problem 1, solve for the value of the original quantity equilibrium and the value the new quantity equilibrium. Round off the final value off quantity equilibrium to a whole number.
3. Compute for the change in price equilibrium and the change in quantity equilibrium. Where the change in equilibrium can be solved by using the formula: change in equilibrium = new equilibrium - original equilibrium)

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