
Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616
Microeconomics 2nd Edition by Douglas Bernheim
Edition 2ISBN: 978-0071287616 Exercise 1
Juan's demand function for ice cream cones is
= 20 - 5 P at prices below $4, and zero at prices above $4. Emily's demand function is
= 6 - 2 P at prices below $3, and zero at prices above $3. What is the market demand function Graph the individual and market demand curves.


Explanation
Given, person J 's demand function for i...
Microeconomics 2nd Edition by Douglas Bernheim
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