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Question

Consider a market where there are just two consumers and suppose their demands for the good are given as follows:
pd1d2
1924
2820
3718
4616
5514
6412
Calculate market demand for the good.

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Solution

p d1d2 Market Demand ( = d1 + d2)
1 9 249 + 24 = 33
2 8 208 + 20 = 28
3 7187 + 18 = 25
4 6166 + 16 = 22
5 5145 + 14 = 19
6 4124 + 12 = 16

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