Question #280566

Kim and Raj have been married for a very long time but they have "coffee issues." Kim's invese deman curve for cups of coffee is  = 10 - 2q while Raj's inverse demand curve for cups of coffee is  = 5 - q. What is their joint demand for coffee when the price per cup of coffee is $4 and $6, per cup, respectively?


1
Expert's answer
2021-12-20T10:18:14-0500

The joint demand will be the addition of quantity of coffee demanded by both


Quantity demanded by Kim;


P=102qP=10-2q


4=102q4=10-2q


2q=62q=6


q=3q=3




Quantity demanded by Raj;


P=5qP=5-q


6=5q6=5-q


q=1q=-1


When q is negative,we assume it's zero

Therefore the joint demand will be;


Joint demand=3+0=3=3+0=3


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