Question: 1. MARKET DEMAND FUNCTION] Jennifer's demand function for ice cream cones is 47, 10 -4P at prices below $2.5 and zero at prices above $2.5.
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1. MARKET DEMAND FUNCTION] Jennifer's demand function for ice cream cones is 47, 10 -4P at prices below $2.5 and zero at prices above $2.5. Amy's demand function is (Amy =6-21' at prices below $3 and zero at prices above $3. (a) (5 marks) What is the market demand function? (b) (5 marks) Plot the individual and market demand curves. Please mark the vertical and horizontal axis clearly
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