unde- ch the bany not on. APPLICATIONS Business and Economics 27. Supply and Demand Suppose that the demand and price for a certain model of a youth wristwatch are related by p = D(q) = 16 1.25q, where p is the price in dollars) and q is the quantity demanded (in hundreds). Find the price at each level of demand. (a) O watches (b) 400 watches (c) 800 watches Find the quantity demanded for the watch at each price. (d) $8 (e) $10 (f) $12 (g) Graph p = 16 - 1.25q. Suppose the price and supply of the watch are related by p = S(q) = 0.759, rib- where p is the price (in dollars) and q is the quantity supplied (in hundreds) of watches. Find the quantity supplied at each price. (h) $0 (i) $10 (1) $20 (k) Graph p = 0.75q on the same axis used for part (g). (1) Find the equilibrium quantity and the equilibrium price