After obtaining the genes from a laboratory which creates genetic sequences on demand, he implanted the genes into e.coli bacteria, which he then grew in a petri dish.
The supply and demand model is a partial equilibrium model where the clearance on the market of some specific goods is obtained independently from prices and quantities in other markets.
For any monopoly, the price markup should be inverse to the price elasticity of demand: the more elastic demand for the product, the smaller the price markup.