1. Demand for grain is given by function Qd=9-4P and supply - by function Qs=2P. The government also entered the market and bought 6 units of the grain. Which equilibrium price will be established in this market and how much grain will be sold? 3. Price elasticity of demand, last sale, last price, and initial price accordingly are -1,5; 20; 10; 40. Find the initial sale   KINDLY ANSWER SECTION 3 URGENTLY.

Q: 1. A. If demand is given by Q(P) = 100/P, derive the elasticity of demand. B. If demand is given by…

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A:

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A:

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Q: REQUIREMENT S: 1. Using Microsoft EXCEL, plot the above data set on a graph so that you can show the…

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