Question
Three students have different demands for doughnuts. Andre's demand is given by Q = 5 P Carlene's demand is given by Q = 6 2P
Three students have different demands for doughnuts. Andre's demand is given by Q = 5 P Carlene's demand is given by Q = 6 2P Cooper's demand is given by Q = 4 1/2 P
1. Write down an expression for the market demand
2. Using the students' demand functions and the market demand functions, graph the demand curve for doughnuts. Pay special attention to any kinks in the market demand!
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
