Asap PLEASE ANSWER ALL FAST AND ACCURATELY. I WILL GIVE THUMBS UP/UPVOTE If the elasticity of demand is Ed = 1.5 and the elasticity of supply is Es = 2.5 then, Calculate the pass-through fraction of...

Asap

PLEASE ANSWER ALL FAST AND ACCURATELY. I WILL GIVE THUMBS UP/UPVOTE

1. If the elasticity of demand is Ed = 1.5 and the elasticity of supply is Es = 2.5 then, Calculate the pass-through fraction of the tax that is paid by the buyers in the market. Show all formulas that you use.


2. Graphically depict a perfectly competitive firm earning economic losses. Be sure to label all of your curves