A music store increases the price of guitar strings from $500 pesos to $550, when they were worth $500, 60 guitar strings were demanded per month and now with an increase, 56 are demanded. what is the price elasticity of demand at the point (500,60) Determine what type of elasticity is present explain the result In the same store that offers these guitar strings, 65 strings were offered at the price of $500 and now 78 at $550 Calculate the price elasticity of supply taking as reference the point (500.65) Determine what type of elasticity is present explain the result