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The total demand in a market for good X, consists of two consumers, A and B. Consumer A demands 3 units of good X if
The total demand in a market for good X, consists of two consumers, A and B.
- Consumer A demands 3 units of good X if the unit price is 8 and 7 units of good X if the unit price is 2.
- Consumer B demands 4 units of good X if the unit price is 9 and 11 units of good X if the unit price is 3.
Calculate the market demand (Q=?Q=?) if the market price is 5.
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Capital In The Twenty-First Century
Authors: Thomas Piketty, Arthur Goldhammer
1st Edition
067443000X, 9780674430006
