The demand function for a certain commercial product is given by and the corresponding supply function is given by a. Find the market equilibrium price and quantity. b. At which price will consumers demand 16 units of the product? c. What is the quantity supplied when the price is 7? d. On the same graph, sketch the demand and supply functions and show: O The y-intercepts of the two functions and the type of concavity for each. • The market equilibrium point. p=d(x) = -0.01x² -0.2x+8 p = s(x) = 0.01x² + 0.1x + 3