Question: The linear supply function is Equation 3.8, Q = g + hp. Derive a formula for the elasticity of supply in terms of p (and

The linear supply function is Equation 3.8, Q = g + hp. Derive a formula for the elasticity of supply in terms of p (and not Q). Now write a formula entirely in terms of Q.

Equation 3.8

Q = g + hp,

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