Find in equilibrium for the car market own price elasticity

Reference no: EM13204150

The supply curve for cars is given by the following: Qs = 2p-1000. Further the demand curve for cars is given by Qd = 8000 - p. In the equilibrium for the car market own price elasticity of demand (in absolute value terms) is equal to?

Reference no: EM13204150

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