Answer to Question #143444 in Economics for Aza

Question

Suppose that Zimal and Zawaiyar are the only consumers of perfumes in a particular market. The following table shows their annual demand schedules:

Price (Per Bottle of Perfume)
Zimal’s Quantity Demanded
Zawaiyar’s Quantity Demanded
Market Supply

100
600
650
250

200
500
550
450

300
400
450
850

400
300
350
1050

500
200
250
1250

600
100
150
1450


Given the following information construct market demand curve and find the market equilibrium.

Answer 1

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