In the market for therbligs, the supply curve is Ps=$10+$0.05Qs  and whose market demand curve is Pd=$20-$0.10Qd . A quick way to calculate price elasticity at a point on a straight demand or supply curve is to remember the forula of elasticity:   E= (ΔQ/ΔP) x (p0/q0). At the equilibrium price and quantity, calculate the elasticities of                  demand and supply.

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