Recent content by Meaghan Beil

of three kings and one pair? please help me i have no clue how to do this! sorry, i guess you don't understand the question properly! this was in my finite math text book! so i'm sure it is possible.

Qd = 500 - 3P? (a) Calculate the equilibrium price and quantity in this market. (b) Calculate the consumer surplus given the equilibrium price. (c) Calculate the elasticity of demand and of supply at the equilibrium point. (d) Given the elasticities you calculated above, can you tell whether...