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

6

5

4

24

20

18

16

14

12

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Solution

p

d₁

d₂

Market demand = D = d₁ + d₂

1

2

3

4

5

6

9

8

7

6

5

4

24

20

18

16

14

12

9 + 24 = 33

8 + 20 = 28

7 + 18 = 25

6 + 16 = 22

5 + 14 = 19

4 + 12 = 16

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Similar questions

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.

$\begin{matrix} p & d_{1} & d_{2} 1 & 9 & 24 2 & 8 & 20 3 & 7 & 18 4 & 6 & 16 5 & 5 & 14 6 & 4 & 12 \end{matrix}$

Q. Consider a market where there are just two consumers and suppose their demands for the good are given as follows:

p	$d_{1}$	$d_{2}$
1	9	24
2	8	20
3	7	18
4	6	16
5	5	14
6	4	12

Calculate market demand for the good.

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?

Q. There are four consumers of a fruit called a smile. They are Isla, Ifraah, Ila and Ibema. Their demand curves for smile are given below. Derive the market demand curve.

Price (Rs.)	Quantity Demanded by Isla (Units)	Quantity Demanded by Ifraah (Units)	Quantity Demanded by Ila (Units)	Quantity Demanded by Ibema (Units)
$1$ $2$ $3$ $4$ $5$ $6$	$16$ $11$ $7$ $4$ $2$ $1$	$7$ $6$ $5$ $4$ $3$ $2$	$15$ $12$ $9$ $6$ $3$ $0$	$8$ $6$ $4$ $2$ $0$ $0$

Question 4(e) :

Look at the figures and write ‘<’ or ‘>’ between the given pairs of fractions:

$\frac{5}{6} □ \frac{5}{5}$

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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 6 5 4 24 20 18 16 14 12

p d1 d2 Market demand = D = d1 + d2 1 2 3 4 5 6 9 8 7 6 5 4 24 20 18 16 14 12 9 + 24 = 33 8 + 20 = 28 7 + 18 = 25 6 + 16 = 22 5 + 14 = 19 4 + 12 = 16

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

6

5

4

24

20

18

16

14

12

p

d₁

d₂

Market demand = D = d₁ + d₂

1

2

3

4

5

6

9

8

7

6

5

4

24

20

18

16

14

12

9 + 24 = 33

8 + 20 = 28

7 + 18 = 25

6 + 16 = 22

5 + 14 = 19

4 + 12 = 16