Economy, asked by stardust86, 10 months ago

from the individual demand curves?
10. Suppose there are three consumers
Leander, Andre and Tim - in a particular
market. Their demand schedules are given
in the following table.
Price
Quantity Demanded
Leander Andre Tim
1. 60 55 24
2. 50 40 13
3. 40 25 13
4. 30 10 0
5. 20 0 0
(a) Derive the market demand schedule
and plot the market demand curve.
(b) Suppose Andre drops out of the
market. Derive the new market
demand curve.
(c) Suppose Andre stays in the market
and another person Marat joins the
market, whose quantity demanded
at any given price is half that of
Leander. Derive the new market
demand curve.
The following table show​

Answers

Answered by manjitleel12
0

504013 this is answer of this question

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