The demand and supply functions of a commodity are given by Qa=D(P,PS.YO) Qs = S(P,To, Ro) where p is the price of the commodity, ps is the price of a substitute, We assume that Dp0, Dps > 0, Sp>0,5760. Yo is income, To is the tax and Rois rainfall. a. Write the equilibrium condition in a single equation. b. Verify that the implicit function theorem is applicable. Write the equilibrium identity. Find * * * ap* and Discuss their economic interpretation. apsi dyo'ORO aq* d and Ro C. . The demand and supply functions of a commodity are given by Qa=D(P,PS.YO) Qs = S(P,To, Ro) where p is the price of the commodity, ps is the price of a substitute, We assume that Dp0, Dps > 0, Sp>0,5760. Yo is income, To is the tax and Rois rainfall. a. Write the equilibrium condition in a single equation. b. Verify that the implicit function theorem is applicable. Write the equilibrium identity. Find * * * ap* and Discuss their economic interpretation. apsi dyo'ORO aq* d and Ro C