Question: Suppose the demand for pillows is given by QD = 100 - P and the supply is given as QS = - 20 + 2P.

Suppose the demand for pillows is given by QD = 100 - P and the supply is given as QS = - 20 + 2P. Using the equilibrium point, what is the price elasticity of supply? (make sure to include a "-" if your answer is negative). Round to 2 decimal places. What is more elastic, Demand or Supply

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