Q2: suppose the demand and supply equation for eggs in market is: Qd= 100-2p; Qs- 10+40p i. Complete the given table ii. Graphically show the equilibrium iii. Find PED: for 0.5 to 1.5 and 2.5 to 1.0
Q2: suppose the demand and supply equation for eggs in market is: Qd= 100-2p; Qs- 10+40p i. Complete the given table ii. Graphically show the equilibrium iii. Find PED: for 0.5 to 1.5 and 2.5 to 1.0
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter19: Elasticity
Section: Chapter Questions
Problem 4QP
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In part qd there is mistake please see this is not p-2 this is p-20
So i clear mention that neglect p-2
Write p-20 is correct one
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