question archive Borris Industries operates in an industry that has a Rothschild index of 0
Borris Industries operates in an industry that has a Rothschild index of 0
Subject:EconomicsPrice:2.88 Bought3
Borris Industries operates in an industry that has a Rothschild index of 0.75. The firm gained access to a government report that revealed the own-price elasticity of market demand within the industry to be -3. Use this information to obtain an estimate of the own-price elasticity of demand for the product produced by Borris Industries.
