Solve clearly

Edit & Create LE Sh Consider a mid-sized southwestern college town where the demand for liquor is described by the equation QD = 1500 - 75P, where QD is the the quantity of bottles of liquor per month, and P is the price (in dollars) for one bottle of liquor. The supply of liquor is described by the equation: QS = 50P - 225 were QS is the quantity of bottles of liquor per month. Last month, the local government repealed part of its restricting laws on the public consumption and sale of liquor. As a result of this change, the market for liquor is adjusting and the current market price is $16. Specifically, what should one expect to occur in the market for liquor? Specifically, one would expect that the market price and the quantity traded will not change will not change will increase towards the equilibrium quantity will increase towards the equilibrium quantity will increase towards the equilibrium price will increase towards the equilibrium price P will decrease towards the equilibrium quantity P will decrease towards the equilibrium quantity will decrease towards the equilibrium price will decrease towards the equilibrium price will have an ambiguous change will have an ambiguous change