I need help with the last question. Question 2.8

\"the demand and the supply of timber for construction in Australia are given by 'QD=100 20F 03 = 5P We assume the market is perfectly competitive. 2.1. Compute the equilibrium price PCE and quantity QCE. (4 points) 2. 2. Plot on a graph. the demand curve, the supply curve, and the equilibrium price and quantIty (. points) 2. 3: Calculate the price elasticity of demand and price elasticity of supply at the equilibrium price and\"; quantity. (4 points) 2. 4. Calculate the producer surplus and consumer surplus in the equilibrium and illustrate them in a graph. (4 points) ' 2.5. Suppose there are many construction companies collapsed (and left the market), use a demand and supply graph to explain how the collapse affects the equilibrium price and quantity. (4 points) 2. 6. Consider the setup in 2. t -2. 4 and suppose there' Is a strike of loggers, which change the supply ta f- as: 4P. Calculate the new equilibrium quantity and use a demand and supply graph to explain [*1ch E, the strike affects the equilibrium price and quantity. (4 points) 2.7. Calculate the change in the consumer surplus caused by the strike in 2.6. (4 points) 2. 8. After the strike in 2. 6 suppose the government subsidizes the buyers 3 dollars for every unit: thein " purchase. Write the price paid by consumers in the equilibrium as afunction of 5 Would the government be able to use the subsidy to achieve the surplus before the strike, which is computed in 2. 4 li he, f explain why. if yes, what should be the value of s? (8 points)