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Suppose the demand for pillows is given by QD = 100 - P and the supply is given as QS = - 20 + 2P.
Suppose the demand for pillows is given by QD = 100 - P and the supply is given as QS = - 20 + 2P. Using the equilibrium point, what is the price elasticity of supply? (make sure to include a "-" if your answer is negative). Round to 2 decimal places
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
