Section ('2) Question 1 (15 marks total) Suppose that in the past, Canada and the United States were involved in a trade agreement whereby US softwood lumber consumers were able to purchase Canadian produced lumber. The initial demand and supply equations that characterized the domestic Canadian softwood lumber market were as follows: Pziso2Qfm'b" sto+2 of\" But suppose a trade dispute arises between the two countries and the US government places a trade embargo on Canadian softwood lumber. such that US conSumers can no longer purchase Canadian lumber? US demand is given by the following equation: 1321203933 Wth the aid of a fully labelled diagram, illustrate the economic effects of the trade embargo and answer the questions that follow. P (Diagram: 2 marks) (Question 1. continued} 1} What is the Original equilibrium price and quantity [2 marks} 2}What is the new equilibrium price and quantity (5 marks)