Demand and supply curve to show initial equilibrium point


CONSIDER a college town where the initial price of apartments is $400 and the initial quantity is 1000 apartments the price elasticity of demand for apartments is 1.0 and the price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a ?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Demand and supply curve to show initial equilibrium point
Reference No:- TGS045412

Expected delivery within 24 Hours