Answer to Question #290322 in Discrete Mathematics for helenabebe

Question

The market for lemon has 10 potential consumers, each having an individual demand curve

P = 101 - 10Qi

, where P is price in dollars per cup and Qi is the number of cups demanded

per week by the i

th consumer. Find the market demand curve using algebra. Draw an

individual demand curve and the market demand curve. What is the quantity demanded by

each consumer and in the market as a whole when lemon is priced at P = $1/cup?