Question: . When demand is inelastic and supply is elastic 50. Market demand is given as OP = 200 - 3P. Market supply is given as

. When demand is inelastic and supply is elastic 50. Market

. When demand is inelastic and supply is elastic 50. Market demand is given as OP = 200 - 3P. Market supply is given as QS = 2P + 100. If price increases from $25 to $30, what is the price elasticity of demand? a. 0.2 b. 0.7

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