Hi there - could you please help me understand how to solve question 2? thank you so much. I included Q1 in case you need it for reference.

Question 1 (10 points) Imagine that you have been given a job as an economic advisor to evaluate a certain competitive US manufacturing industry. Your (accurate) statistical analysis indicates the market is characterized by demand of Gd = 400 - 4P and supply of as = 2P- 50. Solve for equilibrium price P1 and quantity Q1. Depict the supply curve 81 and demand curve 0., on the usual P, Q diagram. Label all intercepts (including two intercepts for the demand curve and one intercept for the supply curve). Clearly indicate and label the market equilibrium. Graphically indicate the areas of Consumer Surplus (CS1) and Producer Surplus (PS1,). Compute the values of Consumer Surplus (CS1) and Producer Surplus (PS1), clearly indicating the units that CS and P8 are measured in. Question 2 (15 points) Continuing your analysis of the competitive US manufacturing industry from Question 1, with demand of ad = 400 - 4P and supply of as = 2P - 50, suppose a technological innovation causes the supply curve to increase. shifting the curve down by $15 for every given quantity 0. Determine the new supply equation. Solve for equilibrium price P2 and quantity Q2. Depict the original supply 81, the new supply 82, and the original demand D1 on the usual P, Q diagram. Label all intercepts (including two intercepts for the demand curve and one intercept for the supply curve). Clearly indicate and label the new market equilibrium. Graphically indicate the areas of Consumer Surplus (082) and Producer Surplus (P52) that resulted from the new market equilibrium. Compute the values of Consumer Surplus (082) and Producer Surplus (P82) associated with the new market equilibrium, clearly indicating the units that CS and P8 are measured in. Who has beneted from technological innovation, based on the comparison of CS and PS in Questions 1 and 2? Consumers, producers, or both? Why