Please solve this and show all possible work 1. Draw the step demand function when each buyer
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Please solve this and show all possible work
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1. Draw the step demand function when each buyer is willing to purchase at most one unit and buyers' reservation prices are distributed as follows: 86(2 buyers), 80(2 buyers), 74(1 buyer), 60(3 buyers), 50(1 buyer), 48(2 buyers), 26(1 buyer), 10(2 buyers). 100 Price 90 80 70 60 50 40 40 30 20 20 10 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2. Find the inverse demand function for D(p) = 50-5p and draw it. 12 Quantity Price 10 8 9 4 2 0 0 5 10 15 20 25 30 55 35 40 45 45 50 55 Quantity 1. Draw the step demand function when each buyer is willing to purchase at most one unit and buyers' reservation prices are distributed as follows: 86(2 buyers), 80(2 buyers), 74(1 buyer), 60(3 buyers), 50(1 buyer), 48(2 buyers), 26(1 buyer), 10(2 buyers). 100 Price 90 80 70 60 50 40 40 30 20 20 10 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2. Find the inverse demand function for D(p) = 50-5p and draw it. 12 Quantity Price 10 8 9 4 2 0 0 5 10 15 20 25 30 55 35 40 45 45 50 55 Quantity
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