You may have noticed that the market demand curve is always flatter than any individual demand curve.

Question:

You may have noticed that the market demand curve is always flatter than any individual demand curve. Is market price elasticity of demand also always lower than individual price elasticity of demand? Why or why not?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

Question Posted: