四、
Calculation Problems ( 20 Score)
1.
It is known that the demand function of a certa...
Engineering, 11.12.2021 14:00 nikitakhrabkov123
四、
Calculation Problems ( 20 Score)
1.
It is known that the demand function of a certain commodity in a certain period
is Qd = 500-50p, and Qd represents the freight transport demand; The supply
function is Qs = -100+50P, Qs stands for quantity of transportation supply, and P
stands for freight price.
(1) Obtain equilibrium price Pe and equilibrium quantity Qe.
(2) The Point elasticity Ed of demand price when P= 2.
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Answers: 2
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