Economy, asked by mwasalam, 2 days ago

3(b) Given the supply and demand equations :
Qs = 8+ P
Qd = 40-20
Estimate:
(1) Equilibrium price and quantity
(2) Elasticities of demand and supply at equilibrium position

Answers

Answered by soumyaranjan0506f

4

Answer:

Equilibrium price and quantity

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