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Suppose Julia and Zach Are the Only Consumers of Milk

Question 25

Multiple Choice

Suppose Julia and Zach are the only consumers of milk.Julia's demand for milk is defined as QdJulia = 12 - 3P at prices below $4 and zero for prices above $4.Zach's demand for milk is defined as QdZach = 10 - 2P at prices below $5 and zero for prices above $5.In this case,the market demand curve for milk is:


A) is upward sloping.
B) a downward sloping straight line.
C) kinked at a price of $5.
D) kinked at a price of $4.

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