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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
1
Expert's answer
2021-07-29T12:40:01-0400

Q1=50−25PQ_1=50-25P...Individual 1

Q2=50−25PQ_2=50-25P...Individual 2

The market Demand Equation will remain the same:

Qm=50−25PQ_m=50-25P


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