You are a manager in the market of providing doggie daycare. Here are the demand function and supply function in your market:
QDemanded = 180 - 2P + .5M
where M is income in your market and it is $80,000 (but just enters as 80 as you've been doing all semester)
QSupplied = 38 + P - (.5)(PInput)
where PInput is the price of your labor in your market and it's $20.
Which of the following is correct?

a) Equilibrium quantity is 158 and equilibrium price is $62.
b) Equilibrium quantity is 118 and equilibrium price is $62.
c) Equilibrium quantity is 158 and equilibrium price is $82.
d) Equilibrium quantity is 118 and equilibrium price is $82.