Question 3 2 pts Consider a product with the following demand and supply curves: 2P = 300 - 4Q and P = 25 + Q. What is t

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Question 3 2 Pts Consider A Product With The Following Demand And Supply Curves 2p 300 4q And P 25 Q What Is T 1 (42.86 KiB) Viewed 25 times

Question 3 2 Pts Consider A Product With The Following Demand And Supply Curves 2p 300 4q And P 25 Q What Is T 2 (32.04 KiB) Viewed 25 times

Question 3 2 Pts Consider A Product With The Following Demand And Supply Curves 2p 300 4q And P 25 Q What Is T 3 (27.3 KiB) Viewed 25 times

Question 3 2 pts Consider a product with the following demand and supply curves: 2P = 300 - 4Q and P = 25 + Q. What is the equilibrium price and quantity (P,Q) in this market? = $67,39 O $66.67.41.67 O $63.33, 38.33 O $70,45

Question 4 2 pts OV NT Now assume that the demand curve for the product in the previous question remains unchanged, but the supply curve has shifted by 3 units to P = 28 +Q. What is the new equilibrium price and quantity (P.2) in this market? 68.67.40.67 ela 69.67.44.67 66.38 o O 71.46

D Question 5 1 pts What is the elasticity of demand in the range of these two equilibrium points? -0.821 0.322 -0.861 0 -0.798