Please calculate the correct solution to this question. State the formulas and economic reasoning used, and show full calculations used to reach the answer. (Responses with poor formatting or insufficient explanation will be returned to Coursehero). Thank you so much.

Suppose that in an economy the value of private consumption is 5000, private saving is 2000,and public saving is 500. Taxes increase by 100. According to the principle of Ricardian equivalence, what is the new value of private consumption