Own-Price elasticities of demand and rothschild indices Elasticity Elasticity Industry of market of Firm's Rothschild Demand Demand ndex Food 1.0 -3.8 0.26 Tobacco 1.3 1.00 Textiles 4.7 0.32 apparel 4 0.27 aper 1.5 0.88 Chemicals 1.5 1.00 Rubber 18 2.3 0.78 Michael R Baye, Managerial Economics and Business Strategy, 3e. CThe McGraw-Hill Companies, Inc, 1999Michael R. Baye, Managerial Economics and Business Strategy, 3e. ©The McGraw-Hill Companies, Inc. , 1999 Own-Price Elasticities of Demand and Rothschild Indices Industry Elasticity of Market Demand Elasticity of Firm ’ s Demand Rothschild Index Food -1.0 -3.8 0.26 Tobacco -1.3 -1.3 1.00 Textiles -1.5 -4.7 0.32 Apparel -1.1 -4.1 0.27 Paper -1.5 -1.7 0.88 Chemicals -1.5 -1.5 1.00 Rubber -1.8 -2.3 0.78