Could somebody give me a hand with these quick questions? I'd really appreciate any help, thanks
1.) If xS(p) is the supply function, give the formula for the price elasticity of supply.
2.) Let the inverse price elasticity of demand for a good be constant and equal to -0.5. What is the price elasticity of demand ?
3.) What is the relationship between the elasticity of a function f and the elasticity of the inverse function f^-1?
Thanks again for any help you can give with any of the questions.
... and the ones that won't