Consider a market where there are just two consumers and suppose their demands for the good are given as follows:
Calculate the market demand for the goods.
p
d1
d2
1
2
3
4
5
6
9
8
7
24
20
18
16
14
12
Consider a market where there are just two consumers and suppose their demands for good are given as follows. Calculate the market demand for the good.
pd1d2192428203718461655146412
Suppose there are 20 consumers for a good and they have identical demand functions:
D(p) = 10 − 3p for any price less than or equal to and d1(p) = 0 at any price greater than .
What is the market demand function?