i) From one of his market researches, the marketing manager of one of the mobile phone companies in Uganda estimated the demand and supply functions for mobile phones as follows: Qd=140,000-1 00P and Qs=80,000+50P respectively. Required:

a) Determine the market equilibrium price and quantity of the mobile phones and also comp ute for the total company's revenue at the market equilibrium situation.

b) If the government sets a fixed price for phones at P=$200, what nature and amount of market imbalance is created in the market, hence state the price policy the government h as applied. ​