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2. {l 6 points) Below are questions about elasticities that students see in Basic Microeconomics. 1With deeper knowledge in tnicroeconomics. you are now confident to

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2. {l 6 points) Below are questions about elasticities that students see in Basic Microeconomics. 1With deeper knowledge in tnicroeconomics. you are now confident to show the results step-by-stcp. Show your work to support your answers. a. (4 pts) Consider the linear supply curve. Q = - u + bP, when: u and b are positive ml numbers. Calculate the price elasticity of supply [1} at the point intersecting with the Bands and {ii} as P approaches innity. h. {4 pts} Consider the linear supply curve. Q = a - hi\". where o and}: are positive real mutthcrs Calculate the price elasticity of supply [it at the point intersecting with the Q-axis and [ii]: as P approaches innity. c. (4 pts) Consider the [tracer demand curve, Q = o 5?, where a and b are positive real numbers. Calculate the price elasticity of supply [i] at the point intersecting with the {II-axis and {ii} at the midpoint ofthe curve. d. (4 pts) Consider the log-linear demand curve. an = o h Int\

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