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Quantity Demanded Price ($) Savannah Carmen Dr. K 25 - - 0 20 - - 5 15 - 0 10 10 0 10 15 5

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

Demand equation for savannah will be

Q= 40 - 4P

Demand equation for Carmen will be

Q = 30 - 2P

the demand Equation for Dr.K will be

Q = 25 - P

Suppose there are 12 firms that supply ice cream sandwiches.

  • Four firms use technology D, which has the individual supply curve q =(5/4)*p
  • Four firms use technology E, which has the individual supply curve q = (1/2)*p
  • Four firms use technology F, which has the individual supply curve q = (1/4)*p

What is the equation for the Market supply curve?

What is the equilibrium price and quantity in the Market? (Please round to the nearest hundredth decimal place. Enter price in format $0.00 and quantity in format 00.00)

What is the quantity supplied by each individual producer? How much does each person (Carmen, Savannah, Dr. K) consume? (Please round to the nearest hundredth decimal place.Enter price in format $0.00 and quantity in format 00.00)

Quantity Supplied by each producer:

Firm Type Quantity Supplied
D Firms (4)
E Firms (4)
F Firms (4)

Each Consumer consumes:

Amount Consumed
Savannah
Carmen
Dr. K

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