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I he demand and s isi by the following equations! measured in dollars each year Using this infort (Note: if your anal Ermac $3.50. include
I he demand and s isi by the following equations! measured in dollars each year Using this infort (Note: if your anal Ermac $3.50. include dollar sign and 2 decimal se this format 12.poo. indude atchm decimal places ! . 2. Calculate the eatlibrium soknty . 3. Calculate the cons quilibrium conditions. . 4. Calculate the producer surplus at the equilibrium conditions. . 5. Suppose the supply curve shifts such that the new supply curve has the equation, Q = 1000P - 4000. Calculate the new equilibrium price
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