Calculate supply price elasticity and interpret

Assignment Help Business Economics

Reference no: EM131172340

Given:

Qdx = 500 – 4Px

Qsx = 6Px

1. Graph the demand and supply curves with appropriate intercepts

2. Calculate equilibrium

3. Calculate Demand Price Elasticity and interpret

4. Calculate Supply Price Elasticity and interpret.

Reference no: EM131172340

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