Consider a competitive market for which quantities demanded and supplied at various prices provided below Unit Price Demand Supply A 60 22,000 14,000 B 80 20,000 16,000 C 100 18,000 18,000 D 120 16,000 20,000 E 140 14,000 22,000 1.Calculate the price elasticity of demand when the price is at $80 2.Calcualte the the price elasticity of supply when the price is at 120 3.If the price is set at 70 what is the execss demand and supply 4.If the price is set at 130 what is the execss demand and supply Only the sub part number 4

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