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Answer to Question #221180 in Microeconomics for Vickie
Question #221180
Suppose that the total market demand for products compresses the demand of two individuals with identical demand equations Qd1=Qd2=Q3=50-25p what is the market demand equation
Expert's answer
"Q_1=50-25P"...Individual 1
"Q_2=50-25P"...Individual 2
The market Demand Equation will remain the same:
"Q_m=50-25P"
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