Question 5 (5 points each, 25 points in total): Assume that market for corn is functioning at its equilibrium. If dry conditions and recent hot weather give a great damage to the corn crop, a) How does it affect the price of corn and quantity in the corn market? b) Does it increase the consumer surplus relative to the initial equilibrium level? Explain. Does it increase the producer surplus relative to the initial equilibrium level? Explain. d) Does it create any deadweight loss? Explain. Is the market output efficient? Explain