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 |
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