calculate price elasticity of demand and supply, Microeconomics

1. Calculate price elasticity of demand and supply for the following functions when (a) P=8 and (b) Q=6.

i. P= 40 - 0.5Q

ii. Q= -40 + 0.75P

iii. Q - P + 2 = 0

iv. 2P + 0.2Q = 40

v. P = 20 - 2Q

4P + 4Q = 64



Posted Date: 4/5/2013 6:08:30 AM | Location : United States

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