The demand function for a good is given by Q = 40 - 5P+4Y, where P is price and Y is income. The Supply function is given by Q = -8 + 3P. Which of the following statements is TRUE: Equilibrium Q = 10 + 22Y Equilibrium P = 6 at all values of income Y Equilibrium Q = 6 + 1/2 Y Equilibrium P = 6 + 4Y Equilibrium Q = 20 when Y = 50