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In a Competitive Market Where the Elasticity of the Market

Question 79

Multiple Choice

In a competitive market where the elasticity of the market demand curve is -0.5,there are 100 identical firms,and the elasticity of the supply curve to the other 99 firms is 4.What is the elasticity of the demand curve of the 100th firm?


A) -446
B) -489
C) -50
D) -0.5

Correct Answer:

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