Question 1 Assume the table below shows demand and supply of rental housing in Guzelyurt during the Pandemic. Assume the Guzelyurt Municipality wants you to create a Post-Pandemic scenario. Os 2000 3000 2750 2500 Qd 0 50 100 1850 1700 2250 2000 1750 1500 1250 1000 1550 1400 1250 1100 950 800 150 200 250 300 350 400 450 500 550 600 750 500 250 650 500 350 200 0 a) Gzelyurt municipality expects demand to increase after the pandemic. So make demand increase at a level 100 and 500 and create a new demand. Present the new demand on a table. Draw on the same graph, the new and old demand curves and the supply curve. Find equilibrium price and quantity for the old and new demand curves. (Note that both demand and supply are linear.) b) Calculate consumer and producer surplus for both new and old demand curves. c) Guzelyurt municipality is considering to put a price ceiling to the rental housing market after the pandemic. They want you to calculate the outcome of different price levels. For 3 different price levels below the equilibrium price, calculate the consumer surplus, deadweight loss, and excess demand for a price ceiling at those price levels