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Question 2: {10 marks} Suppose a market has identical consumers, each at whom the same equation for the demand curve. given by: P = 100
Question 2: {10 marks} Suppose a market has identical consumers, each at whom the same equation for the demand curve. given by: P = 100 100. ParlA: Find the equation for the marketdemand curve when there are: 1. Two {2} consumers in this market [2 marks} 2. Ten (if)! consumers in this markeL (2 marks) Note: show all working for parts {1] and {II}. Part B: Explain clearly why.r the demand curve's slope gels atter as more {identical} consumers are added to the market - hint: consider the effect on quantity.r demanded when price falls in the presence of a larger or smatler number of consumers. {6 marks) [Word limit = 400 words}
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