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 100^th firm?

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

---

Definitions:

First-Person Pronouns

Pronouns that refer to the speaker or writer ('I', 'me', 'my', 'mine', 'we', 'us', 'our', 'ours').

Second-Person Pronouns

Pronouns used to address the listener or reader directly, commonly "you" in English.

Interprets Information

The process of understanding and deriving meaning from data or messages.

Investigation

The systematic examination or inquiry into something to discover facts, gather evidence, or reach new conclusions.