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 |
Savannah has a willingness to pay for ice cream sandwiches which is bounded by the price-quantity pairs (0,40) and (10,0). Carmen has a willingness to pay which is bounded by the price-quantity pairs (15,0) and (0,30). Dr. K has a willingness to pay which is bounded by the price-quantity pairs (25,0) and (0,25).
HINT: Equation constants should be found in one of the price-quantity pairs for each consumer. Be mindful of the price and quantity axes when analyzing the price-quantity pairs (not traditional x,y pairs). Leave numbers in reduced fractional form; fractions may be messy.
What is the demand curve equation for Savannah, Carmen, and Dr. K
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