URGENT !!!! please answer asap!!! ANSWER MUST BE TYPED!!! thank youuu

*all info has been provided*

QUESTION 1

Your friend has just started a small business that sells a beverage product, W. He always has problems meeting the demands of his customers. To understand and analyze the market conditions of his sales products more deeply, he has requested your help. Here is the information provided:

Based on the above information. Specify:

a)

i) Demand function and supply function.

ii) calculate the equilibrium price level and quantity.

iii) sketch the market equilibrium curve for the product.

iv) show areas of excess demand and supply.

v) calculate the total consumer and producer surplus.

b) Show the change that occurs on the equilibrium curve with a new sketch of the curve when:

I) The price of sugar increases

ii) The price of drink Z decreases

iii) Consumer income decreases

iv) Population density increases

c) If the equilibrium price declines by 20%,

I) Calculate the elasticity of demand

ii) Calculate the elasticity of supply

d) If the government imposes a tax of RM 0.50 per unit, determine:

I) the new supply function

ii) rate of change in price level and quantity

iii) balance of total government revenue

iv) consumer and producer burden

e) If the government provides subsidies to small traders, the quantity offered will increase to 150 units at various price levels.

i) Draw the new equilibrium curve

ii) Determine the equilibrium price and quantity

iii) Calculate the amount of subsidy paid by the government

\begin{tabular}{|l|l|l|} \hline Price (RM) & quantity demanded & Quantity supplied \\ \hline 2 & 180 & 140 \\ \hline 3 & 170 & 170 \\ \hline 4 & 160 & 200 \\ \hline 5 & 150 & 230 \\ \hline 6 & 140 & 260 \\ \hline 7 & 130 & 290 \\ \hline 8 & 120 & 320 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Price (RM) & quantity demanded & Quantity supplied \\ \hline 2 & 180 & 140 \\ \hline 3 & 170 & 170 \\ \hline 4 & 160 & 200 \\ \hline 5 & 150 & 230 \\ \hline 6 & 140 & 260 \\ \hline 7 & 130 & 290 \\ \hline 8 & 120 & 320 \\ \hline \end{tabular}