Daily demand for round top airline tickets from Timmins to Toronto can be represented by the function

QD = 150-0.1 P and the supply of airline tickets can be represented by the function Qs = 0.1 P -50 where QD is the quantitiy demanded Qs is the

quantity supplied and P is the price of an airline ticket

a) Find the inverse demand and inverse supply functions for the market?

b) Graph the supply and demand curves for the market?

c) Determine the equlibrium price and quantity?

d) Calculate the price elasticity of demand for these airline tickets when the price of tickets falls form $1200 to 1100 per ticket. Would you expect airline ticket revenue of increase or decrease?

e) What will happen to ticket prices and sale if the government imposes a price floor of $1200 per ticket?

Please show me how to do these questions and graph B thanks