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QUESTION 1 Consider a market equibrium with price pg = 4 and quantity sold q; - 134. Imagine that a demand shock shifts the market

QUESTION 1 Consider a market equibrium with price pg = 4 and quantity sold q; - 134. Imagine that a demand shock shifts the market to a new equilibrium with price p2 - 8 and quantity sold q2 181. What is the price elasticity of supply here? Round your answer to one decimal place (e.g. 2.14 rounds down to 2.1 and 2.15 rounds up to 2.2). Your answer should be a positive number

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