One million consumers like to rent movie videos in Pulmonia. Each has an identical demand curve for

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One million consumers like to rent movie videos in Pulmonia. Each has an identical demand curve for movies. The price of a rental is $P. At a given price, will the market demand be more elastic or less elastic than the demand curve for any individual. (Assume there are no network externalities.)
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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