6 suppose mr masaki operates a newspaper stand in japan he sells the j
Search for question
Question
6. Suppose Mr. Masaki operates a newspaper stand in Japan. He sells The Japan Times, an English language newspaper published in Japan, at the same price as all other newspaper stands do.
a. What is the price elasticity of demand for The Japan Times sold by Mr. Masaki?
b. If we look at the whole market for The Japan Times, will the price elasticity of demand remain the same as your answer in question (a)?