1. Answer the following questions based on the table below. Price or Chicken Quantity Demanded Chicken Quantity Supplied Chicken Snack (Millions) (Millions) 8 3.25 4.75 7 3.5 4.50 5 4.00 4.00 5 5.00 3.0 4 5.50 1.5 i. Determine the market equilibrium quantity and price. ii. Suppose the government of The Bahamas take action that restricts price at $1 How would you describe this action and its unintended spillover? Who will benefit most? Discuss (reference an economist in your response} d. Indicate the effect on the equilibrium price and quantity in the market for chicken in Grand Bahama. (Consider each event separately) i. The price of fish falls, and the same time scientists discover a new technology to improvement the production on chicken (consider sh and chicken are substitutes) ii. The introduction of subsidy on all chicken sold