Economy, asked by hirdeshmewada95, 7 months ago

34
Suppose there are three consumers in a particular market: Leander, Andre 6
and Tim. Their demand schedules are given in the following table:
Price(Rs.) Quantity Demanded Quantity Demanded Quantity
by Leander (Units) by Andre (Units) Demanded by Tim
(Units)
1
60
55
24
2
50
40
13
3
40
25
5
30
10
0
5
20
0
0
(a)Derive the market demand schedule and plot the market demand curve.
(b) Suppose another person Marat joins the market, whose quantity
demanded at any given price is half of that of Leander. Derive the new
market demand curve.​

Answers

Answered by mugdha1713
1

Answer:

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Explanation:

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Answered by MRKUSHAL
0

Answer:

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Explanation:

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