Market research has revealed the following information about the market for Honda Car in year 2021: Price of car (P) (i) So 70 32 30- 20 Do Quantity of car (Q) (iii) 150 300 (1i) Answer questions based on above graph. (a) Find demand and supply function. Answer questions based on above graph. (a) Find demand and supply function. ANSWER: ANSWER: Qd = - P QS = + P (b) Find values for i, ii and iii from the above graph. ANSWER: i = RM ii units iii =units (c) Find equilibrium price and quantity for car market. (use two decimal) ANSWER: P = RM Qd units