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hey I've done A I think if 1.83$ is the answer for price then il try not to bother you on that if i know

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hey I've done A I think if 1.83$ is the answer for price then il try not to bother you on that if i know how to do it although I'm stumped on b and c, thank you

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The demand and supply of wheat in 1981 was QD = 3550 - 266P (linear demand equation) Qs = 1800 + 240P (linear supply equation) P = price in $ and Q = quantity in million bushels (a) Determine the equilibrium (market clearing) price and quantity? (b) At the equilibrium price and quantity determine the price elasticities of demand and supply. (c) Interpret the results you obtained for part (b) QD 2 355 0 - 266 p Q S = 18 0 07 240p 1x3 56?. 2 D Q = 35 50 - 2 66p Q= 18007 240p 35 5up= / 80072uop 35 5 0p- 240p= $800720 P 3310p- 1800 1800 1.83.C = P QUA = 35 50- 266 (1,8

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