Question

There are three consumers in a market. Their demand functions are
d,(P)=20-0.2 P
d,(P)=10-0.6 P
d (P)=15-0.2 P
Calculate market demand function.​

Answer 1

Answer:

Derive the demand function, which sets the price equal to the slope times the number of units plus the price at which no product will sell, which is called the y-intercept, or "b." The demand function has the form y = mx + b, where "y" is the price, "m" is the slope and "x" is the quantity sold. In the example, the demand function sets the price of a quart of blueberries to be y = (-0.25x) + b.

Explanation:

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Answer 2

Explanation:

what would be its answer