In Midtown, Oregon, the demand function for men's haircut is Q3 = 500 3013 + DDSY where Q5 is the quantity demanded per month, P is the price of a haircut, and Y the average monthly income in the town. The supply function for men's haircut is Q5 = 100+20P2I3W where Q3 is the quantity;r supplied and W is the average hourlyr wage of barbers. (a) I\" - I Find the equilibrium price and quantity. (h) f\" | Predict the impact of an increase in the average monthly income in the town on the equilibrium price and quantity. (c) 1; ' ' Predict the impact of an increase in average hourly wage of harbers on the equilibrium price and quantity. (d) ' _ "' Suppose both Y and W increase simultaneously. Predict the impact of this change on the equilibrium price and quantity. (e) ' _ Suppose that Y increases while W decreases. Predict the impact of this change on the equilibrium price and quantity. (f) Suppose initial Y is $5000 and initial W is $10. Calculate the change in equilibrium price and quantity;r when i. ' . Y increases to $6000 and W increases to $12. ii. ' ' ' Y increases to $6000 and W deereases to $8