In the local market for e-books, the aggregate demand is given by the equation: = 2000 400 + 0,5 + 150hb and the aggregate supply is given by the equation: = 516 + 300 600 Where, Qeb is quantity of e-books, Peb is the price of an e-book, I is household income, W is wage rate paid to e-book laborers, and Phb is the price of a hardbound book. Assume I is N$2,300, W is N$10, and Phb is N$21.40. Determine the equilibrium price and quantity of e-books in this local market.