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Suppose you are giving the following supply and demand functions in the market for TPT is the price of T and PC is the price
Suppose you are giving the following supply and demand functions in the market for TPT is the price of T and PC is the price of coffee demand equals 50- 2PT 3 PC supply equals 2 3PT. Suppose PC equals 11 what is the choke price for T Suppose you are given the following supply and demand functions in the market for tea PT is the price of tea and PC is the price of coffee demand is equal to 50 minus 2PT plus 3PT and supply is equal to 2+3, PT when PC is equal to 11 what is the own price elasticity of demand for T if PT equals 25
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