a. Given the equilibrium price of $10 what is the equilibrium quantity given the data above?Equilibrium quantity = bagsb. What if instead of bags of oranges the data in the two tables dealt with a public good like fireworks displays?If all the buyers free ride what will be the quantity supplied by private sellers? Q* = c. Assume that we are back to talking about bags of oranges (a private good) but that the government has decided that tossed orange peels impose a negative externality on the public that must be rectified by imposing a $3-perbag tax on sellers.What is the new equilibrium price ? P* = $What is the new equilibrium quantity? Q* = bagsIf the new equilibrium quantity is the optimal quantity by how many bags were oranges being overproduced before?Q* = bag