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Suppose the Market for a Good Is Composed of 1,000

Question 45

Multiple Choice

Suppose the market for a good is composed of 1,000 identical consumers. The market's demand curve is given by QM = 150,000 - 25P. What is the equation for an individual consumer's demand curve?


A) Q = 150,000,000 - 25,000P
B) Q = 6,000,000 - 40P
C) Q = 6 - 4P
D) Q = 150 - 0.025

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