1. The demand for hybrid cars in Baltimore is Q=16 4Pd and the supply for the car in Detroit is Q:4+2Ps a. Draw the demand and supply curves lo. Deriye the demand for transportation c. What is the point price elasticity of demand at Pd=5? d. What is the arc elasticity of demand between Pd=4 and Pd=5? e. If the transportation supply is 0:2 T, find the equilibrium for transportation. f. Find the equilibrium price and quantity at both demand and supply locations. 9. What is the expenditure in equilibrium