Question: 1. If we know that the equation for demand for books in Bogor City is Qd = 400 - 2.5P, while the supply function is

1. If we know that the equation for demand for books in Bogor City is Qd = 400 - 2.5P, while the supply function is Qs = 100 + 0.5P, where P is the book price in rupiah per fruit and Q is the number of books in pieces. Specify: a. Balance amount? b. Balance price? c. The elasticity of demand at equilibrium and its meaning d. The elasticity of supply at equilibrium and its meaning 2. Fatmawati Restaurant provides a menu of fried chicken and tamarind vegetables (assumption complementary). If the price of fried chicken increases from IDR 10,000 to IDR 15,000 per serving. This has caused sales of fried chicken to drop from 100 servings to 75 servings. Sales of tamarind vegetables also fell from 75 servings to 50 servings. Based on this information, determine: a. The elasticity of demand for fried chicken and what does it mean? b. The cross elasticity of fried chicken and sayur asem and what does it mean? c. Is it true that the Fatmawati Restaurant policy

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