Suppose we need to analyFlag question: Question 2 Question 23 pts (3 points) Given the information from the article, what do you think will happen to the equilibrium price of peaches in the short-run and long-run? Group of answer choices Short-Run: P* Increases; Long-Run: P* Decreases Short-Run: P* Increases; Long-Run: P* doesn't change Short-Run: P* doesn't change; Long-Run: P* doesn't change Short-Run: P* decreases; Long-Run: P* doesn't change Short-Run: P* decreases; Long-Run: P* decreases ze the milk market in the United States. The demand for milk in the United States is given by the equation: OD = 26 - 2P. The supply for milk is given by: Qs = 17 P. ys (5 points) What is the equilibrium wage and employment level in this market? (5 points) Suppose now the government wants to impose a per-unit tax of $2 on consumers. Solve the new equilibrium given the imposed tax. (5 points) Calculate the government revenue from taxation. (5 points) Suppose instead of a tax the government imposes a price floor on milk of $2.00 (Impose a floor on the original market). What is the equilibrium given the price floor implemented by the government? Is there a shortage or surplus generated