Question 1(29 points) The demand and supply for handmade tote bags from ashop on Etsy are given by the following equations Q = 23,900 -500P and Q - 100OP - 1000, where P is price measured in dollars and Q is the number of inte bags produced and sold each year! Using this interination, solve for the following: (Note: if your answers are in terms of dollars, use this format: $3.50, include dollar Sign and ? decimal Hedimal places. For answers in terms of quantity, usc this format: 17,000. indude a comma for quantities in the thousands and no decimal places.] -1 calculate the equilibrium price. Calamilate the equilibrium quantity. J. Calculate the Iplus at the equilibrium conditions. . 4. Calculate the producer pricequil brium conditions. b.Suppose thesuppl equation, Q - 1080p jewstonycurve has the full price, . 6, Calculate the new eaulil