1. Suppose an airline announces that its earnings this year are lower than expected due to reduced ticket sales. The airline spokesperson gives no information on how the company plans to turn things around, he only mentioned that the current demand curve is given by p2 -- 4p = 0 and the supply curve is given by 2q + 8p - 4p' = 2p? a. Find the equilibrium points of the airline (10 marks) MEC_AMO_TEM_034_01 Page 1 of 8 MTM (MASC 10004) - Spring - 2020 - CW 2(Assignment 2) - OP b. Find the Choke price (3 marks) c. Current owners of the airline's stock and potential buyers of the stock would adjust their estimates of what the value of the corporation's stock should be. As a result, the supply curve for the stock would increase by k for each price, (note:k is the last 3 digit from your mobile number). The demand curve for the stock would totally change to be represent by this equation - + 50 = 0, find the following (2 marks) New supplied curve Slope of demand curve 1. Suppose an airline announces that its earnings this year are lower than expected due to reduced ticket sales. The airline spokesperson gives no information on how the company plans to turn things around, he only mentioned that the current demand curve is given by p2 -- 4p = 0 and the supply curve is given by 2q + 8p - 4p' = 2p? a. Find the equilibrium points of the airline (10 marks) MEC_AMO_TEM_034_01 Page 1 of 8 MTM (MASC 10004) - Spring - 2020 - CW 2(Assignment 2) - OP b. Find the Choke price (3 marks) c. Current owners of the airline's stock and potential buyers of the stock would adjust their estimates of what the value of the corporation's stock should be. As a result, the supply curve for the stock would increase by k for each price, (note:k is the last 3 digit from your mobile number). The demand curve for the stock would totally change to be represent by this equation - + 50 = 0, find the following (2 marks) New supplied curve Slope of demand curve