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Suppose that the supply function of apples is: Qs= 2P + 200 .Further, suppose that the demand function for apples is: Qd= 600 - 2P

Suppose that the supply function of apples is:Qs= 2P + 200.Further, suppose that the demand function for apples is:Qd= 600 - 2P.At the equilibrium, the price elasticity of demand is.

Instruction:If the price elasticity of demand is -2, write: -2

If the price elasticity of demand is-0.2, write: -0.2

Please do not use any space.

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