Please I need you help with this:

Our market analysts believe that the demand for bicycles may fall in the near future. Currently, there are 100 firms in the industry that are identical to ours (which means each firm's supply decision is the same). We predict that, within our short run time frame, market demand will fall to the level indicated by the table below.

Price	$200	$250	$300	$350	$400	$450	$500	$550	$600
Market Qd (per week)	1800	1600	1400	1200	1000	800	600	400	200
Market Qs (per week)

Price $200 $250 $300 $350 $400 $450 $500 $550 $600 Market Qd (per week) 1800 1600 1400 1200 1000 800 600 400 200 Market Qs (per week)

3. What will the new equilibrium market price be if demand falls? Given that new price, how should we react to maximize profit in the short and long run? Discuss.

4. Discuss the long run adjustment in the industry. That is, how will the number of firms, market supply, and profitability change as the industry moves toward a new equilibrium?

Thank you!