Question
The market for bananas is given by the following equations: P = 100 - 2.5Qd P = Qs 2.3.1 What is the price elasticity of
The market for bananas is given by the following equations:
P = 100 - 2.5Qd
P = Qs
2.3.1 What is the price elasticity of the supply of bananas? (4)
2.3.2 Evaluate the market for bananas at a price of 20 and discuss whether there will be an equilibrium or not. (6)
Milpark Education Principles of Microeconomics PMIC02-5 Assignment March 2020
Page 3
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Managing Human Resources
Authors: Susan E Jackson, Randall S Schuler, Steve Werner
12th Edition
0190857560, 9780190857561
