+this is all the information that is given in the problem. It is solvable but I cant figure it out.

Due time: 1:00 PM (via Canvas) Show all your work (in detail) to receive credit. Answers must be handwritten. General Equilibrium Model Consider the following setting in a market: 1. Consumers There are m = 80 identical consumers. Each consumer utility function is given by U = a!2 -y Each consumer has an income equal to 30. There are two markets in this economy: the market for good q and the market for good y. The equilibrium prices in both markets are pq (to be calculated) and py = 1. II. Producers There are n = 200 identical rms. Each rm's production function for good q is given by 1 1 q : k5 - E, where k = 4. Capital rents for 9 and wage is 4. Compute the substitution effect in q resulting from the adjustment short-run equilibrium to long-run equilibrium