Question
Suppose your flower shop has 925 costumers with identical individual demand functions given by p = 10 - 2q. If your market demand is written
Suppose your flower shop has 925 costumers with identical individual demand functions given by p = 10 - 2q. If your market demand is written as p = a - bQ, what is the value of b? (Round your final answer for 5 decimal places).
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
