Elasticity of demand for one of the firms in the market

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Suppose the demand function for an industry is given by Q d T = 200 9PT Where Qd T is the quantity demanded that this market is facing, and PT = $15 is the market price. Suppose the elasticity of demand for one of the firms in the market is -6.14: then calculate the Rothschild index.

Reference no: EM13896728

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