Please assist with a, b, and c

Consider a community with the following characteristicsfinitial conditions: E0 {expenditure on education per pupil] = $6,400 f [property tax rate] = 4% = 0.04 V (property value per pupil} = $150,000 Y [income] = $30,000 5p {price elasticity of demand for education] = - 0.5 SY [income elasticity of demand for education] = 1.0 Suppose further that there is exactly one K42 student living in each and every household so that the number of students = the number of properties. Thus, the average property value in the community is also $160000. Suppose the state provides a Guaranteed Tax Base grant with a base grant [B = $1,000} with the following formula: G+=$1,000 max{0,I:$200.000 10!} iii [a] [3] The community will receive a total grant of from the GTB formula Use whole numbers (no decimal places} with no '." or "$" [if relevant]. lb} [4] Categorical grants are fungibleI so we can treat the grant amount as an increase in income of that amount [your answer in part {a} above]. What is the income effect of the GTE grant on education spending per pupil (E]? That is, how much would you expect the community to change education spending per pupil due to the effective increase in income? Use whole numbers [no decimal places] with no \