What is the values of the demand elasticities

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Reference no: EM13177152

Demand and supply curves for cigarettes are given by:

\(Q_{d} = \frac{128}{p^{1/2}}\) and \(Q_{s} = 4P^{2}\)

where P is the price of cigarettes in dollars and Q is in millions of cigars

Using calculus, show that the demand and supply curve have constant elasticity along their entire length. What are the values of the demand and supply elasticities?

Reference no: EM13177152

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