What would be the shape of the supply curve for the painting Monalisa?

1.	What would be the shape of the supply curve for the painting Monalisa?
Answer» > 3Q. What is the ELASTICITY in moving from a QUANTITY of 5 to a quantity of 6? 34. The equation for a DEMAND curve is P = 2/Q. What is the elasticity of demand as price falls from 5 to 4? What is the elasticity of demand as the price falls from 9 to 8? Would you expect these answers to be the same? 35. The equation for a supply curve is 4P = Q. What is the elasticity of supply as price rises from 3 to 4? What is the elasticity of supply as the price rises from 7 to 8? Would you expect these answers to be the same?

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3Q. What is the ELASTICITY in moving from a QUANTITY of 5 to a quantity of 6?

34. The equation for a DEMAND curve is P = 2/Q. What is the elasticity of demand as price falls from 5 to 4? What is the elasticity of demand as the price falls from 9 to 8? Would you expect these answers to be the same?

35. The equation for a supply curve is 4P = Q. What is the elasticity of supply as price rises from 3 to 4? What is the elasticity of supply as the price rises from 7 to 8? Would you expect these answers to be the same?

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