The demand for a product is Q-100-4P+3Px and supply is Q=10+2P, where Q is the quantity of the product in thousands of u

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The Demand For A Product Is Q 100 4p 3px And Supply Is Q 10 2p Where Q Is The Quantity Of The Product In Thousands Of U 1 (26.65 KiB) Viewed 8 times

The demand for a product is Q-100-4P+3Px and supply is Q=10+2P, where Q is the quantity of the product in thousands of units, P is the price of the product, and Px is the price of another good. When Px $40, the equilibrium price of the product is $and the equilibrium quantity is thousand units. (Enter your responses as whole numbers.) (Enter your answer as a real number rounded to 2 decimal places. Don't At the equilibrium price and quantity, the price elasticity of demand for the product is forget a negative sign if appropriate) Demand is At the equilibrium price and quantity, the price elasticity of supply for the product is (Enter your answer as a real number rounded to 2 decimal places Don't forget a negative sign if appropriate) The cross price elasticity of demand for the product at the equilibrium point is (Enter your answer as a real number rounded to 2 decimal places. Don't forget a negative sign if appropriate)