Elucidate what is the residual demand elasticity facing

Reference no: EM1329189

Elasticity of Demand curve

If the market demand curve is Q=100-p. What is the market price elasticity of demand? If the supply curve of individual firms is q=p and there are 50 identical firms in the market, draw the residual demand facing any one firm. What is the residual demand elasticity facing one firm at the competitive equilibrium?

Reference no: EM1329189

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