a. Base on the demand and supply functions above, from equilibrium price and quantity, if the price changes to P3.00, what is the value of its price elasticity of demand? , -.) b. Referring to the given functions, from equilibrium price and quantity, what is the value of its price elasticity of supply if the price changes to P6.00?

a. Base on the demand and supply functions above, from equilibrium price and quantity, if the price changes to P3.00, what is the value of its price elasticity of demand? , -.) b. Referring to the given functions, from equilibrium price and quantity, what is the value of its price elasticity of supply if the price changes to P6.00?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 2TY

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