Question: Qd = 742 - 6P; Qs = 258 + 5P 1. Compute for the a. ep; b. eQd and eQs 2. Complete the table below

Qd = 742 - 6P; Qs = 258 + 5P 1. Compute for the a. ep; b. eQd and eQs 2. Complete the table below Pts A B C D E F G Price 18 25 32 44 62 75 87 Qd Qs (NOTE: The letter that is given first is your P1 and Q1) 3. Determine the Price Elasticity of Demand of pts. a. G & A; b. F & B; C. A & D 4. Determine the Price Elasticity of Supply of pts. a. E & G; b. B & D c. C & F 5. Compute for the Income Elasticity of pts a. G & F if Y2 = 350 and Y1 = 600 b. D & C if Y1 = 1260 and Y2 = 2500 6. Compute for the Cross Price elasticity of pts. a. B & D if the Price of the other product changed from P260 to P 340 b. D & g if the price of the other product dropped by 9.25% from P1200 7. Plot the data on the graph and indicate the equilibrium price, quantity demand and supply

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