Burgess Mills
08/07/2024 · Middle School

(b) Find the elasticity of demand and supply at the equilibrium price for the demand function \( p=\sqrt{36-x^{2}} \) and supply function \( x=p^{2}-6 \), where \( p \) and \( x \) are price and quantity respectively.

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At equilibrium, the elasticity of demand is -0.44 and the elasticity of supply is 4.4.

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