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Suppose a consumer's utility function for bundles of good x and good y is U(X, y) = X -yu-. Assume py = 5, and Y
Suppose a consumer's utility function for bundles of good x and good y is U(X, y) = X -yu-. Assume py = 5, and Y = 50. The consumer's individual demand curve for good x is Use your individual demand curve to fill in the missing entries in the second column Jof the table below. Fill in the missing entries of the third column of the table below assuming there are nine additional consumers with exactly the same demand curve in the market. Px Consumer's demand Market demand 5 2.5 0.5
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