Assume that the demand for ski lessons is given by =100(1/4), and the supply is given by =(3/4). Which of the following statements is/are true? Question 22 Select all that apply: a. This demand function tells you that there are consumers willing to pay more than $400 for ski lessons. True. The maximum willingness to pay is given by the price intercept of the inverse demand function, $400.00 b. The equilibrium price in the market is equal to $80. c. The equilibrium quantity in the market is equal to 75. d. The city of Edmonton decides that it really wants people to get outside to enjoy the winter, so it proposes a discount on ski lessons. Residents in Edmonton receive a $20 coupon they can redeem at the hill. The ski hill operators then receive $20 from the city to help pay for lessons. Ski hill operators know about this, so they'll simply charge $20 more for lessons. e. Once the coupons are available, the equilibrium price will increase to 105. f. The same number of people will take ski lessons. This isn't something people decide to do because of the price