Business, 15.07.2021 14:00 adjjones2011
The market for lemon has 10 potential consumers, each having an individual demand curve p=$101-10Qi, where p is price in dollars per cup and Q is the number of cups demanded per weeks by the i th consumer
A. find the market demand curve using algebra.
B. draw an individual demand curve and the market demand curve.
C. what is the quantity demanded by each consumer and in the market as a whole when lemon is priced at p=$1/cup?
Answers: 2
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The market for lemon has 10 potential consumers, each having an individual demand curve p=$101-10Qi,...
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