Question 5. [10 points) The market for a product is in equilibrium at 1200 units a month. Each one is sold for $400. Suppose the price elasticity of demand for this product is v0.6 and the price elasticity of supply is +1.25 3. Compute the slope and intercept coefficients for the linear supply and demand equations. b. If the government imposed a subsidy of $100 per unit manufactured, what would be the new equilibrium price and quantity? c. Calculate and illustrate the changes in consumer, produce and total surplus