"a. Calculate the price elasticity of demand at the prices 80, and 100.
b. Calculate the price elasticity of supply at the prices 80, and 100.
c. What is the equilibrium price and quantity? Explain.
d. If there government were to set the price at 80, describe the impact on the market.
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Details
- Publication Date
- Mar 22, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
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- Format