2228 - 202223FA Home Announcements Accoun Syllabus D Question 16 2 pts Modules Dashboa d Grades A demand function is given by the equation Q = 107 - 3P. People Suppose the price is P = 14. Courses Tutor.com At this price, find the price elasticity of demand. USE THE POINT SLOPE METHOD to find this elasticity. Hint: You'll have to find the quantity at this price as well. Round your answer to the nearest tenth. Library Resources [Note: Canvas may automatically add zeroes to the answer you enter. This will not alter the accuracy of your answer] Groups Collaborations 888 Calendar Inbox D Question 17 2 pts History oduct is given by Q = 59 - 2P My Media Find the total revenue generated by sales in the market at a price of P = 8. Notices [Note: Canvas may automatically add zeroes to the answer you enter. This will not alter the accuracy of your answer] Help D Question 18 3 pts This problem involves using supply and demand equations. Suppose the market is defined by Demand: Q = 156 - 3P Supply: Q = 2 + 3P At a price of P = 19, what is the size of the shortage that will exist in the market? Type in the amount of the shortage at price P = 19. Once again, just enter in the number, and do not put in any other text or symbols. D Question 19 3 pts Suppose the market is defined by Demand: Q = 135 - 2P Supply: Q = 2 + 3P At a price of P = 34, what is the size of the surplus that will exist in the market? Type in the amount of the surplus at price P = 34. Once again, just enter in the number, and do not put in any other text or symbols. [Note: Canvas may automatically add zeroes to the answer you enter. This will not alter the accuracy of your answer]