32. Supply and Demand Equations Suppose the demand and supply equations for a certain commodity are given by p = ax + b and p = ex + d, respectively, where a 0, and b > d > 0 (see the figure below). a. Find the equilibrium quantity and equilibrium price in terms of a, b, c, and d. b. Use part (a) to determine what happens to the market equilibrium if c is increased while a, b, and d remain fixed. Interpret your answer in economic terms. c. Use part (a) to determine what happens to the market equilibrium if b is decreased while a, c, and d remain fixed. Interpret your answer in economic terms. 4P p = ex+ d p = axtb X