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Supply P=50+X Demand P=200-2x This gives equilibrium price = 100 and Equilibrium demand 50. Calculate the price elasticity of market equilibrium
Supply P=50+X
Demand P=200-2x
This gives equilibrium price = 100 and Equilibrium demand 50.
Calculate the price elasticity of market equilibrium
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
