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Question: please answer a through d thanks...

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Please answer A through D. Thanks!5. (35 points) Consider a market with demand function D(p;e) 20 - , where 00 determines demand sensitivity to price, and supply function S(p) p2. (a) (10 points) Find the equilibrium price as a function of 0, p*(e) (b) (5 points) Draw the demand and supply functions and identify the market equilibrium points for 0 1 and 0 2 (c) (5 points) Draw the function pE(). (d) (15 points) Compute pE, (0). If the initial sensitivity parameter is θ-1, how does the equilibrium price change when 0 increases by 0.1?

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