Hello! Looking for some help in solving the below (see image) practice economics queries for my studies. Many Thx!

Outside of town there is a large empty space. Every Saturday it is used as an open market for used cars. Potential buyers attend the market to buy a used car and car owners try to sell their car. For simplicity, assume that there are only [WU types of used cars, high-quality and \"Lemons". Each Saturday, 5,000 potential buyers visit the market. They are identical in terms of their willingness to pay [WTP]. If they knew the quality of the car they were buying, they would pay up to $1l],l]l]l] for a highquality car and only up to $?l]l]l] for a lemon. Potential sellers would be willing to sell their car for no less than $3,000 ifit's a high-quality, and for no less than $5,l]l] if it's a lemon. About EDI] sellers attend the market each Saturday. It is well known that, on average, only 25% of used cars are of highquality. First. assume that sellers have no idea of the quality of their own car and buyers also have no way to inspect and nd out the quality of the car they are buying. All market participants are risk neutral. a. {10o points} What is the equilibrium price in this market? What are the sellers' prots? What is the 1tralue created to buyers, and wh at is the total 1tralue created in this market? Please show your work. Assume now that sellers kn ow the quality of their cars, while buyers, as before, don't know the quality of the cars offered for sale. . {100 points} What is the sellers' supply function? {1 ill] points} Wh at is the demand function If buyers are sophisticated and aware of the supply function? . {100 points} I|l'llhat is the market equilibrium price? What cars of each quality are being sold? 1l'llhat are the prots of sellers and what Is the value to buyers