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Posted on Mar 03, 2024

Suppose my demand for a good is given by P = 6 2 * Q and your demand is given by P = 3

Suppose my demand for a good is given by P = 6 – 2 * Q and your demand is given by P = 3 - 0.5 * Q.

a. Plot your demand curve and my demand curve on the same graph.

b. Use horizontal summation to derive a formula for our aggregate demand curve.

c. Add the aggregate demand curve to your graph from part a.

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