Question: True or false? Briefly justify your answer. If Eric's demand curve is described by q = 40 p and Kenny's demand curve is given by

True or false? Briefly justify your answer. If Eric's demand curve is described by q = 40 p and Kenny's demand curve is given by q = 60 2p, then each of their demand curves will pas through the point q = 20, p = 20. Therefore, if they are the only two consumers in a market, the market demand curve will also pass through q = 20, p = 20.

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