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Question: please do both of the problems if you can please...

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Ch 2, Problem 2.3 The demand and supply curves for coffee are given by 600 2P and Q 4P 300+ Plot the supply and demand curves on a graph and show where the equilibrium occurs by marking it with an E. Label the point at which either curve touches the P or Q axis. Rember price is always on the vertical axis. a. b. Using algebra, determine the market equilibrium price and quantity of coffee. Indicate the equilibrium price and quantity on the graph in part a. Ch 2, Problem 2.13 Consider a linear demand curve,350-7P. a. Derive the inverse demand curve corresponding to this demand curve. b. What is the choke price? c. What is the price elasticity of demand at P 502Please do both of the problems if you can please. It would be greatly appreciated. If you can't do both, then do the 2nd problem (Promlem 2.13). Thank you!

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