1)Market researchers at Chrysler have estimated the demand for their new Chrysler Crossfire sports cars as follows: ONLY ANSWE BC Need show Work QC...

1)Market researchers at Chrysler have estimated the demand for their new Chrysler Crossfire sports cars as follows: ONLY ANSWE B&C Need show WorkQC = 1,050,000 − 95PC + 14.25M + 60PBMW + 25PPwhere, QC is the quantity of Chrysler Crossfires sold annually, PC is the price of a Chrysler Crossfire, M is average household income, PBMW is the price of BMW’s 330i sports sedan, and PP is the price of Porsche’s sports car. The marketing team at Chrysler plans to price the Crossfire at $32,000. They predict that average household income is $75,000 for buyers in the market for their sports sedan. The current prices for BMW’s 330i and Porsche’s are $34,000 and$50,000, respectively. Use this information to answer the following questions.a.