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Demand and supply curves for goods A are linear functions. The supply curve equation is Q - 5P - 70 . At the same time,
Demand and supply curves for goods A are linear functions. The supply curve equation is Q - 5P - 70 . At the same time, the equilibrium volume of product A in the market is 30 pieces, and the price elasticity of demand at the equilibrium point is 2. The state introduced a subsidy to producers of product A. As a result, at the new equilibrium point, the price elasticity of demand became 0.6. Determine the price elasticity of supply at the new equilibrium point
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