Severity: Warning
Message: fopen(/home/answnniz/solutionspile.com/system/sessions/ci_sessionc75b61777d7280275252dd8ad95e37e27cf39437): failed to open stream: Disk quota exceeded
Filename: drivers/Session_files_driver.php
Line Number: 176
Backtrace:
File: /home/answnniz/solutionspile.com/index.php
Line: 367
Function: require_once
Severity: Warning
Message: session_start(): Failed to read session data: user (path: /home/answnniz/solutionspile.com/system/sessions)
Filename: Session/Session.php
Line Number: 143
Backtrace:
File: /home/answnniz/solutionspile.com/index.php
Line: 367
Function: require_once
Q = 30 ? 2P + 3PS ? 4PC + 0.1Y Q = 8 + 2P ? 0.5PI where PS = 4, PC = 3, Y = 40, and PI = 4 Use the above equations and values of the variables to solve the following problems: a) Solve for the equilibrium price and quantity b) Draw a graph of the market. Be sure to label the supply curve with an S, label the demand curve with a D, properly calculate the y-intercept of the demand curve and the y-intercept of the supply curve, and use the calculated equilibrium from part a to label the equilibrium in the graph c) At P = $9 calculate QD, QS, state whether there is a surplus or shortage, and calculate the amount of the surplus or shortage. d) Calculate the price elasticity of demand at the equilibrium.