Question: Consider 3 people who like Skinny CowIce Cream Sandwiches. Consider the following Demand Schedule for Savannah, Carmen, and Dr. K Quantity Demanded Price ($) Savannah
Consider 3 people who like Skinny CowIce Cream Sandwiches. Consider the following Demand Schedule for Savannah, Carmen, and Dr. K
| Quantity Demanded | |||
| Price ($) | Savannah | Carmen | Dr. K |
| 25 | - | - | 0 |
| 20 | - | - | 5 |
| 15 | - | 0 | 10 |
| 10 | 0 | 10 | 15 |
| 5 | 20 | 20 | 20 |
| 0 | 40 | 30 | 25 |
demand equation for savannah will be
Q= 40 - 4P
Demand equation for Carmen will be
Q = 30 - 2P
the demand Equation for Dr.K will be
Q = 25 - P
Assume there are 6 identical buyers similar to Savannah that make up a Market. Write the equations for:
- The Market demand curve:q =
- The Market inverse demand curve: p=
Now assume Carmen, Savannah, and Dr. K comprise the Market. Write the equations for the Market demand curve and the Market inverse demand curve.
| Price Range | Who Is In The Market? If all three are in the market range, enter "All" | Market Demand | Inverse Market Demand (use fractions) |
| $0 to $10 inclusive |
| ||
| $10 to $15 inclusive |
| ||
| $15 to $25 inclusive |
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