Consider the following equations that describe the market for parking around LSU Campus on a regular weekday. The following equations characterize the demand and supply for parking in the market Qd = 3600 - 500P Qs = 450P -200 a. Assuming that the market for parking is perfectly competitive, find the equilibrium price of parking a car. b. How many parking spots will be occupied? c. The weather report predicted that there is a probability of heavy rainfall during this week. Commuters are apprehensive of driving in such uncertain situations and decide to work from home rather than drive. 950 commuters did not drive to their office/school on a regular weekday during this week and this affected the demand for parking spots. i. Does this reflect an in demand? O decrease O increase uld we