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5. There are 100 bakeries producing bread in Down Town Kingston with 10:. 000 households. Each household demand curve is given by p=5-yD where yDJ

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5. There are 100 bakeries producing bread in Down Town Kingston with 10:. 000 households. Each household demand curve is given by p=5-yD where yDJ refers to the thousands loaves of bread units, and p is in dollars per year. Each bakery faces the same short run and long run costs Ctr): V44 Find the a} market demand curve. a} Individual supply curve and c} SR industry supply curve a} the short run equilibrium price and quantity per bakery and household

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