1. Consider the market for scalping Syracuse basketball tickets. We posit that the demand and supply curves are as below. Where QD is the quantity demanded, Q3 is the quantity supplied, and p is the price of a scalped ticket: Q\" = 7000 101) Q3 = 1000 + 20p (a) What additional condition is required to solve the model? (b) What are the endogenous variables in this model? (c) Solve for the equilibrium endogenous variables. 2. Consider the market for scalping Syracuse basketball tickets. We posit that the demand and supply curves are as below. Where QD is the quantity demanded, Q5 is the quantity supplied, and p is the price of a scalped ticket: Q\" = 1 50p Q3 = B + 0:0 (a) What are the endogenous variables? the exogenous variables? the parameters? (b) What factors might affect fl and B? (c) What is the economic interpretation of E and g}? (d) Solve for Q'\" and p'\