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(a) (10 marks) Claire's demand function for ice cream cones is q = 6-2P at prices no greater than $3 and zero at prices above
(a) (10 marks) Claire's demand function for ice cream cones is q = 6-2P at prices no greater than $3 and zero at prices above $3. Denise's demand function is qg = 2 - P at prices no greater than $2 and zero at prices above $2. What is the market demand function? (b) (10 marks) Firm A's supply function for ice cream cones is qjenn = 3P -6 at prices no less than $2 and zero at prices below $2. Amy's supply function is 9Amy = P - 4 at prices no less than $4 and zero at prices below $4. What is the market supply function? (c) (5 marks) What is the market equilibrium price
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