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OpenStudy (anonymous):
What is the equilbrium Q* and p*? What is the price elasticity of supply if p1=6 and p2=7? Is it elastic or inelastic Qd=120-10p Qs=20p-30
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OpenStudy (anonymous):
Remember that at equilibrium, the supply and demand curves meet, so \(Q_{s} = Q_{d}\).
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