Question: 2. You've just solved the generic case for all linear demand and supply equations with the parameters s,w,v,r>0 and any other restrictions you may have

2. You've just solved the generic case for all linear demand and supply equations with the parameters s,w,v,r>0 and any other restrictions you may have imposed. Now I need you to supply 2 sets of values for these 4 parameters and fill in the table below. [20 marks] This question is designed to show you how generic solutions assist in getting us answers and reinforces how the math works. This question can be successfully completed even if you had problems before. Note, you need only solve for EITHER the own-price elasticity of demand OR the consumer surplus at the equilibrium. [There's a 6 mark BONUS if you complete the rest of the test and you can complete both the elasticity of demand AND the consumer surplus.] Equilibrium Either S r Q' P* Elas. of D CS

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