Like many universities, Great State University (GSU) has a shortage of parking places. Currently, 5,037 parking spaces for students are available on campus. To park on campus, students must purchase a parking sticker. However, at the current price of $75, significantly more than 5,037 parking stickers were sold. As a result, many students who have parking stickers are nonetheless unable to find parking on campus. a) Consider the market for parking spaces (NOT the market for stickers, but the actual spaces!). What does the supply curve look like? What is the price elasticity of supply of parking spaces? Why? Illustrate the supply curve for parking spaces. b) Add a demand curve to your drawing. Currently, more stickers are sold than there are spaces available. Illustrate this scenario. c) Is the market for parking spaces in equilibrium? Why or why not? If it is not, what can be done to alleviate the problem in the short run? Are there other solutions that may work in the long run but not in the short run?