Given the following demand and supply functions, QD = 1000 - 10p + 2.5pa + Y Qs = 1000+ 6p Assume pa = 100 and Y = 3750. a. Find the equilibrium price and quantity, p* and Q*. (5 points) b. Use your answers from part (a) to calculate elasticity of supply and elasticity of demand at the equilibrium. Briefly explain what each of these numbers means. (10 points) C. Using your answers from part (b), calculate the change in price paid by the consumer, Ap, following the assessment of a specific tax, T = $10.00. (5 points)