Unformatted text preview: c. If due to a wage increase in the agricultural sector the supply function changes to Q’s = 100 + 3P, determine the new equilibrium price and quantity. d. Compute the corresponding midpoint price elasticity between the two equilibria (Hint: Demand or Supply price Elasticity?)...
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This note was uploaded on 04/07/2008 for the course BSAD ECON 040 011 taught by Professor Boveemora during the Spring '08 term at Vermont.
- Spring '08