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OCW Scholar - Principles of Microeconomics
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OpenStudy (anonymous):
2. The government is considering the imposition of a tax on e-cigarettes. Suppose market demand for an e-cigarette is given by: š·(š) = 288 ā 1.5š2, and market supply is given by: š(š) = 0.5š2. a. For these demand and supply curves, find expressions for the own-price elasticity of demand and the own price elasticity of supply.
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