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urgent Sally and Newton are a couple. They are the only people in the family. Sally's inverse demand curve for socks is P = 8

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Sally and Newton are a couple. They are the only people in the family. Sally's inverse demand curve for socks is P = 8 - Q. Newton's inverse demand curve for socks is P=10 - 2Qc Obtain and draw their family demand function for socks. Do not forget to find the values of the intercepts. b) Calculate the price elasticity of the family demand when the price of socks is equal to 4. Is demand elastic, inelastic or unitary elastic? Explain

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