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Question 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.pd1d2123456987654242018161412

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Question 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


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1 answers

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Answered by on | Votes 0 |

Answer:

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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