Price Elasticity

2009-02-20 8:26 pm
Please help me to check my answer, THANKS


If Quantity of the good demanded= 600 - 20P and Quantity of the good supplied = 0 + 30P


1) The Equilibrium Price is ??? (12)


2) The Equilibrium Quantity is ??? (360)


3) Price Elasticity of demand between Price(1)= 13 and Price(2)= 11 is ??? (0.67)


4) Price Elasticity of supply between Price(1)= 13 and Price(2)= 11 is ??? (1)

回答 (1)

2009-02-22 4:49 pm
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