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If Q5 = 100 + 4P, and QD = 200 6P: a. solve for P* and Q*. b. If supply now changes to Q5, =

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If Q5 = 100 + 4P, and QD = 200 6P: a. solve for P* and Q*. b. If supply now changes to Q5, = 150 + 4P, solve for P** and Q**. c. Calculate the price elasticity of demand (to two decimal places). Is the price elasticity of demand elastic or inelastic? Explain why

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