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Thank you for your help! i l l Consider the demand for beer during the summer months. Let Q3 =89 4P+4T, where Q3 is the

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i l l Consider the demand for beer during the summer months. Let Q3 =89 4P+4T, where Q3 is the quantity demanded for beer measured in thousands of six-paella1 P is the prioe per six-pack in dollar, and T is the average temperature {in Celsius] during the summer. The supply curve is given by Q3 = EU -|- 1613', where Q; is the quantity supplied of beer. {1} Suppose that the average temperature was 3|] degrees Celsius [T = 3U] last year. 1What were the last year's equilibrium price and quantity? {2) This year1 the average temperature becomes 40 degrees {T = 4U]. Find this year's equilibrium price and quantity. {3) Suppose instead the government intervenes into the market before summer this year and sets a price ceiling of P = 15. What will be the e'eet of the price control

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