Question

the market for lemon has 10 potential consumers each having an individual demand curve p=101-10Q where P is price in dollars per cup and Q is the number of cups demanded per week by the consumer. find the market demanded curve what is the quantity demanded by each consumer and in the market as a whole when lemon is priced at p=$1/cup?

Answer 1

Answer:

Compute the aggregate market demand curve. (Hint: add up the quantity demanded at each price.)