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?

the market for lemon has 10 potential consumers each having an individ

1.	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» INDIVIDUAL demand=10units and MARKET demand=100units at price(p)=$1/cupExplanation:Individual demand CARVE equation is given and identical.so to FIND the market demand carve,we have to just sump up 10 individual demand carve horizontally.Therefore market demand carve (P)=1010-100Q . So when price is one dollar individual demand =10units,just SET the price(p)=1 to above equation.and the market demand =10*10=100units.