Can you please help with this?

(10 points) Consider the market for higher education in the state of Illinois where private universities compete for students with public universities. a Draw a supply and demand curve showing the market for public universities. Label your graphs with an S for the supply curve, a D for the demand curve, P on the vertical axis and Q on the horizontal axis. b. On your graph, show the effect of the state of Illinois reducing state funding that is provided directly to the public universities. Does it cause the supply curve or the demand curve to shift? Explain why and show which way the appropriate curve would shift. C. As a result of the shift, what happens to the price and quantity of public universities? d. Now draw a separate graph showing the market for private universities. Label your graphs with an S for the supply curve, a D for the demand curve, P on the vertical axis and Q on the horizontal axis. e. On your second graph showing the market for private universities, show the effect of the state of Illinois reducing state funding that is provided directly to the public universities Does it cause the supply curve or the demand curve to shift? Explain why and show which way the appropriate curve would shift. f. As a result of the shift, what happens to the price and quantity of private universities? 2. (8 points) Consider a macroeconomy in equilibrium. a. Draw this economy using Aggregate Supply (short run and long run) curves and an Aggregate Demand curve in equilibrium. Be sure to label each graph and show the appropriate titles on your horizontal axis and vertical axis. b. On your graph, show the impact of the financial crisis of 2007-2008. What curve(s) would shift? Which way? Why? c. As a result of the shift(s), what happens to output and prices in th d. What should be the appropriate action taken by