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Please provide relevant answer by referring the attachment Question 1 In the recent outbreak of the Corona virus, people in a town are required to

Please provide relevant answer by referring the attachment

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Question 1 In the recent outbreak of the Corona virus, people in a town are required to put on face masks to reduce the possibility of getting infected. The data on demand and supply for face masks per month is given as follows: Rpriece Masks Masks Demanded Supplied (pieces) (pieces) 2.50 10,000 15,000 2.00 12,500 12,500 1.50 15,000 10,000 1.00 17,500 2,500 0.5 20,000 5,000 (i) With the aid of a relevant graph, show the equilibrium price and quantity of face masks demanded and supplied. (ii) As the outbreak wide-spreads and become a global pandemic, the demand for face masks skyrocketed: a) Is this increase in price due to change in quantity demanded or due to change in demand? Justify your answer. b} Show your answer in (3) using relevant graph. c) What can the government do to stop the price from increasing further?' d) Who would benet from this law

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