Market demand is given as Q_D= 40 - 2P.Market supply is given as Q_S= 2P.If price increases from $4 to $7,what is the price elasticity of demand

Name: Market demand is given as Q D = 40 - 2P.Market supply is given as Q S = 2P.If price increases from $4 to $7,what is the price elasticity of demand
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The Answer of Market demand is given as Q_D= 40 - 2P.Market supply is given as Q_S= 2P.If price increases from $4 to $7,what is the price elasticity of demand

Market Demand Is Given as QD = 40 - 2P

Market Demand Is Given as Q_D= 40 - 2P