Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is given QS = 20+2P.

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Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is given QS = 20+2P.

Suppose the demand for down pillow is given Q^D=100-P, and that the supply of down pillow is given Q^S = 20+2P.

a. Solve for the equilibrium price and quantity.

b. Solve for price elasticity of demand and price elasticity of supply at the equilibrium point (using derivatives). Which is more elastic, demand of supply

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Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is given QS = 20+2P.

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Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is given QS = 20+2P.

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Suppose the demand for down pillow is given QD=100-P, and that the supply of down pillow is given QS = 20+2P.