Question: The demand for Tesla model III can be described as: Q= -32,500-0.5P+2I Currently, each Model III is sold at $35,000 and Tesla is selling

The demand for Tesla model III can be described as: Q= -32,500-0.5P+2I

Currently, each Model III is sold at $35,000 and Tesla is selling 50,000 Model III every month. calculate the price elasticity of demand and income elasticity at current equilibrium.

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