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6Pc QUESTION 1 EXERCISE 1.. 1. [2.5 points in total] a) The demand and supply functions for three goods are the following: Good A: Qaa = 100 4PA + 10PB Osa = 16PA 10 Good B: Qdb = 44 + 14PA 4P8 + 10Pc Qsb = 24P8 - 10 Good C: Qac = 34 +2PA + 10P8 6P Qsc = 8P - 2 i) [0.5 points] Write down the equilibrium conditions for each good. ii) [1.0 point] Use Cramer's rule to find the equilibrium price and quantity for good C (only for good C). b) [1.0 point] If A, B, and C are matrices with orders 4x4, 3x4, and 4x3, respectively. Which of the following matrix calculations are possible? If the calculation is possible state the order of the resulting matrix A+B AC (the multiplication of A by C) ABT (the multiplication of A by BT) 2CT