For this question you should upload a pdf file. On your file you should clearly indicate every step you had for your calculations and a figure. If you are missing steps you will lose points (i.e. you will lose points if you do not clearly explain how you calculated the equilibrium). Also, your work should be easy to read, and you should clearly explain what you are estimating. You should upload your own file. If you upload the file from another person you will automatically earn zero. Assume that the demand function for wagyu beef is given by: P = -50Q + 2,000 and the supply is given by: P = 10q +500 Calculate: #1. Equilibrium Price (3 points) and Quantity (3 points) #2. Consumer and Producer Surplus at the equilibrium (10 points) - Figure 4 points If the figure is missing but you have calculations you will lose 7 points

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