(Solved): please have the answer clear Qu=300100P+0.05INCOME Where QA is the tons of pork demanded in ...

$$Q^u=300?100\mathrm{P}+0.05\text{ INCOME }$$ Where $$Q^A$$ is the tons of pork demanded in your city per weok, $$P$$ is the price of a pound of pork, and INCOME is the average household income in the city. The supply function for pork is: $$Q^5=250+150P?30\cos T$$ Where $$Q^s$$ is the tons of pork supplied in your cty per week, $$P$$ is the price of a pound of pork, and COST is the cost of pig food. Suppose INCOME is $$\$50,000$$ and $$\mathrm{COST}$$ is $$\$4$$. In this case, the equilibrium price of pork would be $$\$\sqrt{6}$$ and the equilibrium quantity of pork would be tons. (Round your answer for the prico to two docimal places.) Suppose INCOME falls to $$\$40,000$$ and COST does not change. The new equilibrium price of pork would be s and the new equilbrium quantity of pork would be tons: (Round your answer for the price to two docimal placos.) Suppose INCOME is $$\$50,000$$ and COST rises to $$\$10$$. The new equilibium price of pork would be : and the new equilibrium quantity of pork would be tons. (Round your answer for the price to two deaimal places.) Suppose INCOME tolls to $$\$40,000$$ and COST rises to $$\$10$$.