Question: Click Submit to complete this assessment Question 2 Consider the following demand and supply OD 700-25P, QS 220 +15P Find the equilibrium price and

Click Submit to complete this assessment Question 2 Consider the following demand

Click Submit to complete this assessment Question 2 Consider the following demand and supply OD 700-25P, QS 220 +15P Find the equilibrium price and quantity Explain in one sentence how you found them b Find the price elasticity of demand and supply in the equilibrium. Explain in one sentence how you found them c. Assume that the government introduced a support price (minimum price) that is $14. Will the market be in equilibrium at the support price? Explain use numbers in your explanation, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac), B Paragraph IUS 3 Arial 3 14px I t

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