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1- Given the following function of demand: Q = 100 - K P Calculate the elasticity of demand given that the price is equal to 50, and what type of elasticity of demand did you obtain? 2- Given the following function of supply: Q = 100 + 'A P Calculate the elasticity of supply given that price equals 10, and what type of elasticity of demand did you obtain? 3- At the maximum value of total revenue, find the elasticity of the following demand function: QX = 50 NP 4- From the diagram below, find the elasticity of points A and B, the elasticity of the arc? 15 30