1.

Supposethere are 20 consumers for a good and they have identical demandfunctions:D(p)= 10 − 3pfor any price less than or equal to and d1(p)= 0 at any price greater than .Whatis the market demand function?

Answer»

Suppose
there are 20 consumers for a good and they have identical demand
functions:


D(p)
= 10 − 3p
for any price less than or equal to

and d1(p)
= 0 at any price greater than
.


What
is the market demand function?



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