Question: Derive the residual supply elasticity in Equation 8.17 using the definition of the residual demand function in Equation 8.16. What is the formula if there
Derive the residual supply elasticity in Equation 8.17 using the definition of the residual demand function in Equation 8.16. What is the formula if there are n identical countries?
Equation 8.17,
Equation 8.16,
Sr(p) = S(p) - Do(p).
1 , %3D 3.
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