Consider the following market demand: Q_D = a - bP, where a, b > 0. At price P = 0.5(a/b), the absolute value of the price elasticity of this market demand isjQuery22405075413926548997_1613931871556 HINTS: First compute the expression for the price elasticity of this market supply. Next, compute the market quantity supplied at P = 0.5(a/b). Finally, substitute your P and Q_S values into your expression of the price elasticity of this market supply, to determine the absolute value of the price elasticity at that point.