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Given the following demand and supply functions determine the equilibrium price and quantity Qd = 14-2P; Qs= 2+4P ii) What is the price elasticity of

Given the following demand and supply functions determine the equilibrium price and quantity

Qd = 14-2P; Qs= 2+4P

ii) What is the price elasticity of demand when the price is Sh. 4?

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