GIVEN BY THE EQUATIONS (1) QD = 4 – P (2) QS = -2+P A) WHAT IS THE PRICE ELASTICITY OF THE DEMAND CURVE AT THE POINT OF EQUILIBRIUM? B) WHAT IS THE PRICE ELASTICITY OF THE SUPPLY CURVE AT THE POINT OF EQUILIBRIUM?

/in /by

GIVEN BY THE EQUATIONS

(1)         QD
= 4 – P

(2)         QS
= -2+P

A)    WHAT IS THE PRICE ELASTICITY OF THE DEMAND CURVE AT THE
POINT OF EQUILIBRIUM?

B)    WHAT IS THE PRICE ELASTICITY OF THE SUPPLY CURVE AT THE
POINT OF EQUILIBRIUM?

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