Question7 Assumethe demand and supply functions for apple juice are Qs = 3P - 6 and Qd
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Question:
Question7
Assumethe demand and supply functions for apple juice are Qs = 3P - 6 and Qd = 15 - 3P.
The price elasticity of demand at equilibrium is[Answer].
(In decimal numbers, with two decimal places, please.)
Answer:
We can conclude that the demand for apple juice is price [Answer].
Select one:
a.elastic
b.inelastic
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