QUESTION 2 [7 marks) Suppose that the tourism industry is recovered from COVID which leads to higher usage of a local highway, the local government need to increase its purchases of concrete for road maintenance. As a result, there is an increase in the quantity of concrete supplied from 8 million to 10 million cubic meters per year. The increase in the concrete produced will drive the concrete price up from $5 per cubic meter to 55.5 per cubic meter. in addition, the elasticity of demand in the concrete market at the new equilibrium is -0.20 (round to 2 decimal places where applicable]. (DrawIconstruct relevant diagramis] in your answer. Do not copyr and paste the diagram(s} from another source}. a) From the perspective of concrete producers, calculate the change in the producer surplus and report whether it is a gain or a loss. b) Calculate the change in the consumer surplus and report whether it is a gain or a loss. c} Calculate the change in the social surplus and report whether it is a gain or a loss